Power Sector Assets and Liabilities Management Corp State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will bid out a real estate asset in Limay, Bataan that is seen ideal for industrial development. In a ‘notice to bid’ issued by the company, PSALM apprised interested...
Two Filipino firms are eyeing to participate in the scheduled auction of a prime Pampanga real estate asset that state-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be divesting next month. The interested investors are Panasia Energy Inc., a subsidiary of Millenium...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it would be able to trim down outstanding financial obligations by P23 billion this year on continued flow of proceeds from the sale of National Power Corporation's (NPC) assets. psalm logo “At the start...
The review committee and the board of directors of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) has approved the proposed competitive bidding for the operation and maintenance (O&M) contract of the 150-megawatt Casecnan hydropower facility. psalm logo In the...
Power utility giant Manila Electric Company (Meralco) submitted a winning bid for the Paco-Manila property via a negotiated sale process conducted by state-run Power Sector Assets and Liabilities Management Corp. (PSALM) on Friday (September 10) According to the government-owned firm, Meralco...
The Privatization and Management Office (PMO) has sought a review of the legal standing of the state-run Philippine National Construction Corp. (PNCC) to manage and develop the government’s 9.9 hectare property in Pasay City. Privatization and Management Office (PMO) In a Department of Finance...
As the government looks for money to run a nation grappling with the impacts of the prolonged pandemic, President Duterte’s chief economic manager revealed that selling state-assets is no longer the best option. Finance Secretary Carlos Dominguez III “We don't have any more crown jewels,”...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has already collected P653.218 billion, out of the P911.040 billion proceeds that the government fetched from the divestment of National Power Corporation’s power generation and transmission assets. That level of...
The Department of Finance (DOF) is pursuing steps to untangle the legal issues tying down idle mining assets held by the government in an effort to speed up their privatization and revive their operations. ...
