Solon wants PSALM extended beyond 2026 to avoid fiscal woes
House of Representatives (File photo) MANILA - The chair of the House Committee on Energy on Friday pushed for the extension of the corporate life of the Power Sector Assets and Liabilities Management Corporation (PSALM) to avoid "serious fiscal consequences" for the government. Pampanga (2nd District) Representative Juan Miguel Arroyo said the government may have to shoulder PHP198 billion in debts from PSALM's liabilities unless its corporate life, which is expiring on June 26, 2...
Source: philippinetimes.com