Manila, Philippines — The Presidential Office of Malacaang has issued a definitive decision dissolving the North Luzon Railways Corp. (Northrail), a state-run organization tasked with overseeing a railway venture initially intended to be funded by China. This audacious approach comes amid claims of price gouging and questions about the corporation's effectiveness. Photo:  RTVMalacanang YoutTube Channel This situation is described in detail in Memorandum Order No. 17, issued by the President's Office on October 19. The Governance Commission for Government-Owned or Controlled Corporations (GCG) played a key part in this decision, claiming that Northrail had failed to meet its objectives and was no longer delivering the promised results. Furthermore, the GCG stated that Northrail was inefficient and did not produce the anticipated social, physical, and economic results in comparison to the resources invested. The memorandum, signed by Executive Secretary Lucas Bersamin on behal...