State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fetched additional P16.76 billion worth of proceeds from the divestment of the power assets previously owned by its precursor-firm National Power Corporation. In a presentation to Congress, PSALM President and CEO...
There is no need for the Philippine government to go on panic-buying when shopping for modern defense equipment even though tensions in the West Philippine Sea (WPS) remains high. Sen. Francis "Chiz" Escudero (Senate PRIB Photo) Sen. Francis “Chiz” Escudero stressed the tensions in...
The Civil Service Commission (CSC) reminded government agencies on Monday, June 26 of the deadline for submission of the 2022 Statement of Assets, Liabilities, and Net Worth (SALN) to the appropriate repository agency, which is set on June 30. According to CSC, under the CSC Memorandum Circular No....
Fresh River Lakes Corp. (FRLC), a subsidiary of Lopez-led First Gen Corporation, has already been served with the "notice of award" on its winning bid for the 165-megawatt Casecnan hydropower facility in Nueva Ecija. In a disclosure to the Philippine Stock Exchange (PSE), the company stipulated that...
The coffers of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be shored up by as much as $526 million by the end of this year, with the anticipated payment of Fresh River Lakes Corporation on its acquisition of the 165-megawatt Casecnan hydroelectric power plant...
Fresh River Lakes Corp, a subsidiary of First Gen Corporation of the Lopez group, submitted a winning bid that dwarfed other offers for the165-megawatt Casecnan hydropower facility, the first power asset privatized under the Marcos administration. According to sources privy to the outcome of the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is planning to pursue 25-year concession arrangement under the privatization plan of the 932-megawatt Agus-Pulangui hydropower facilities in the Mindanao grid. “We have a plan - the plan is for concession agreement,”...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved to May 16 this year the sale of the 165-megawatt Casecnan hydropower facility instead of March 28. According to PSALM President Dennis Edward A. Dela Serna, the asset-seller firm has yet to finalize the Water...
Senate President Pro Tempore Loren Legarda pressed for an enhanced preservation of the Philippines’ cultural assets through increased participation and involvement of local government and communities in cultural mapping activities. Legarda, chairman of the Senate Committee on Culture and the...
A senator-turned-deputy Speaker in the House of Representatives has advised the government on how to go about its reported plan to sell off its NPAs, or non-performing assets. Deputy Speaker Ralph Recto (Facebook) According to Batangas 6th district Rep. Ralph Recto, the privatization process of...
Senate President Pro Tempore Loren Legarda is now pushing for increased participation and involvement of tocal government units (LGUs) in preserving Filipino heritage through cultural mapping. Legarda, chairperson of the Senate Committee on Culture and the Arts, stressed the significance of...
The Commission on Audit (COA), on Wednesday, June 8, flagged the Presidential Commission on Good Government (PCGG) for unreliable accounting in the agency’s “Abandoned/ Surrendered Property/Assets,” noting that it had left unreported over 100 items in its inventory which include artworks and...
