The chairman of the House Committee on Transportation is in favor of the proposed privatization of the EDSA bus carousel or bus way system by the third quarter of next year. Antipolo 2nd district Rep. Romeo Acop (Facebook) Antipolo 2nd district Rep. Romeo Acop expressed his support to the endeavor...
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...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is lining up the 728-megawatt Caliraya-Botocan-Kalayaan (CBK) hydropower plant next in the auction block for the continuing privatization of government-owned power assets. According to PSALM President and CEO Dennis Edward...
At least 14 firms have expressed interest for the 165-megawatt Casecnan hydropower facility, which is scheduled for bidding in March next year. The interested parties which submitted letters of interest (LOI) to asset-seller Power Sector Assets and Liabilities Management Corporation (PSALM)...
Japan’s train systems are privately run and its operations are seamless, Senator Grace Poe on Thursday, November 10 said. Poe issued this statement following reports that there are plans to privatize the Metro Rail Transit (MRT)-3. The Department of Transportation (DOTr) said the Metro Rail...
Camarines Sur 2nd district Rep. Luis “LRay” Villafuerte thinks that, in order to honor the late former President Fidel V. Ramos (FVR), the 19th Congress should pass legislation to further privatize and deregulate the private sector in an attempt to attract foreign direct investments (FDIs)....
Parañaque City 1st District Representative Edwin Olivarez said the planned rightsizing of the bureaucracy by the Marcos administration must ensure that government agencies remain efficient and functional and must prioritize the welfare of government workers. Olivarez was elected chairman of the...
Former Senator Antonio Trillanes IV, who is running for senator in the May 2022 polls, took time to make a video presentation to clarify to supporters of former Senator Ferdinand “Bongbong” Marcos Jr. the misconceptions they have about the EDSA People Power 1. Former Senator Antonio Trillanes...
Presidential aspirant Vice President Leni Robredo on Thursday, Feb. 3, promised to make electric cooperatives (ECs) a part of the “energy family” if she’s elected president in the May 2022 polls, rejecting proposals to privatize the cooperatives. Vice President Leni Robredo (OVP photo)...
Filipino firm Panasia Energy Inc. was declared to have the ‘winning offer’ in the sale of the real estate assets in Limay, Bataan pwned by state-run Power Sector Assets and Liabilities Management Corporation (PSALM). At the bidding on Tuesday, Nov. 9, PSALM announced that Panasia Energy offered...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved to November 9 this year the bid submission deadline for real estate assets that it is divesting in Limay, Bataan. The original schedule for the submission of tenders had been slightly delayed for four days from...
Korean firm tapped as O&M contractor for Casecnan hydro plant By Myrna M. Velasco South Korean firm Soosan ENS will be engaged as the operation and maintenance (O&M) contractor for the 165-megawatt Casecnan hydropower plant in Nueva Ecija, according to state-run Power Sector Assets and...
