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...
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...
When the value of the Philippine peso had been relatively favorable versus the US dollar, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it was able to trim power sector debts by P195.4 billion when the Duterte administration ended its reign on June 30...
The Department of Finance (DOF) has ordered the collection of unpaid electricity bills of the Maguindanao Electric Cooperative, Inc. (MAGELCO) and Lanao del Sur Electric Cooperative, Inc. (LASURECO). In a statement Wednesday, June 8, the DOF said MAGELCO and LASURECO have outstanding accounts...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has trimmed its outstanding financial obligations to P355.2 billion as of end-December last year, lower by roughly P26 billion from P381.72 billion in the prior year. Of the firm’s remaining liabilities, P264.3 billion...
The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R....
Former Senator and incumbent Sorsogon Governor Francis ”Chiz” Escudero on Sunday said candidates seeking elective posts in the 2022 national elections should bare their Statement of Assets, Liabilities and Net worth (SALN) in the spirit of transparency and accountability. Escudero said doing so...
Ang Probinsyano Partylist Rep. Ronnie Ong on Friday, Oct. 22 said he should be counted out either as author or supporter of any legislative proposal that would curtail the freedom of the press and the right to information of Filipinos. Ong made this clear when asked to comment on the reported draft...
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 Bureau of Internal Revenue (BIR) has launched an all-out investigation against monetized social media influencers (SMIs) or vloggers who do not pay taxes from their huge income. (Photo by Dewang Gupta/ Unsplash) BIR Commissioner Caesar R. Dulay ordered regional directors and district officers...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
