Senator Alan Peter Cayetano has appealed to the incoming new set of lawmakers on the 20th Congress to continue investigating online gaming activities in the country. Cayetano made the call noting that despite the passage into the law of the banning Philippine Offshore Gaming Operations (POGO) in...
CEBU CITY – A 46-year-old man was allegedly shot dead over an unpaid debt in Barangay Kinasang-an here on Sunday night, Nov. 17. The suspect, 18-year-old Clint Michael Cortez Estrada, was upset that the victim Renante Alforque Paradero refused to settle his P400 debt. Investigators of the...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
(Unsplash) Davao City 1st district Rep. Paolo Duterte has highlighted the need for a law that would regulate the collection practices of debt collectors--including "microloan apps"--in a bid to protect borrowers from abuses, harassment, unfair treatment, and misrepresentations. For this purpose,...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has reduced its outstanding debt by P8.44 billion last year to P346.76 billion from the prior year’s P335.25 billion on higher revenues. According to PSALM President and CEO Dennis Edward A. Dela Serna, the firm’s...
Makabayan solon ACT Teachers Party-list Rep. France Castro has expressed sadness and anger over the reported suicide of five farmers of white onions from Bayambang, Pangasinan. ACT Teachers Party-list Rep. France Castro (Screenshot from Zoom meeting) Castro, a deputy minority leader, was referring...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seen posting residual debts of roughly P200 billion at the end of its corporate life in 2026, according to company President and CEO Dennis Edward Dela Serna. At end-June this year, the level of debts of the company had been...
A House bill condoning the unpaid debt of farmer-beneficiaries of the government’s Comprehensive Agrarian Reform Program (CARP) has been overwhelmingly passed on third and final reading. Gaining the chamber’s final approval Monday afternoon, Dec. 12 was HB No.6336, or the proposed New Agrarian...
The National Electrification Administration (NEA) is exploring means on how it can extend financial assistance to Lanao del Sur Electric Cooperative (LASURECO), of which power supply had been set for disconnection due to its P12.9 billion worth of unpaid obligations with state-run Power Sector...
As part of its balance sheet improvement strategy, Uy-led Phoenix Petroleum Philippines Inc. has settled P3.083 billion worth of commercial papers (CP) that had fallen due recently. The oil firm specified that the settlement of its CP series D “was funded by a mix of internal funds and financing...
