Senator Jinggoy Estrada has declared a total net worth of P221,218,595.15 in his Statement of Assets, Liabilities, and Net Worth (SALN), reflecting a combination of real and personal properties valued at more than P252 million. Based on the summary of Estrada’s declaration, his real properties...
A total of 16 senators have so far revealed their latest Statements of Assets, Liabilities, and Net Worth (SALNs) to provide the public with a snapshot of their financial standing, leaving eight in the Upper Chamber who have yet to disclose theirs. Senator Raffy Tulfo emerged as one the wealthiest...
The Department of Public Works and Highways (DPWH) is tracing the assets of 27 officials and contractors linked to anomalous flood control projects as part of efforts to recover millions in stolen public funds. DPWH Secretary Vince Dizon said Thursday, Sept. 18, that the agency had written to the...
With its corporate life extended by another decade, Power Sector Assets and Liabilities Management Corp. (PSALM) is revisiting its plans to convert its Diliman property in Quezon City into a mixed-use complex featuring commercial, office, and high-value developments. Dennis Edward A. Dela Serna,...
To build its defense strategy and better equip its armed forces, the Philippines is currently in talks with the United States for the possible deployment of more US military assets and equipment, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said. In a recent interview on...
The Power Sector Assets and Liabilities Management (PSALM) has announced that the Aboitiz-led Thunder Consortium has been granted the notice of award (NOA) for the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants. In a statement on Friday, July 18, PSALM said the consortium—comprising...
State-run Government Service Insurance System (GSIS) has signed an agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM), and the National Power Corporation (NPC), finalizing the settlement of over ₱1 billion in unremitted premium contributions arising from...
After the successful bidding to privatize the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, the government and private-sector players may next look forward to another public-private partnership (PPP) in rehabilitating the decades-old Agus-Pulangi hydropower complex in Mindanao. Power...
The consortium led by the Aboitiz conglomerate emerged victorious on Friday, July 4, as it won the right to take over the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants in Laguna—a prime Luzon energy asset—from the state-run Power Sector Asset and Liabilities...
Aboitiz Power Corp.’s (AboitizPower) renewable energy (RE) arm and Lopez-led First Gen Corp. (FGen) are bidding for the Caliraya-Botocan-Kalayaan Hydroelectric Power Plants (CBK HEPP), according to the state-run Power Sector Assets and Liabilities Management Corp. (PSALM). PSALM’s...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Senator Sherwin Gatchalian on Sunday, April 27 welcomed the 10-year extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) as this would help bring down the cost of electricity in the Philippines. “The extension of the corporate life of...
