PSALM financial obligations drop P40-B in 2020
Published February 23, 2021, 1:49 PM The Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced its financial obligations last year with plans to further improve its finances this year, the Department of Finance (DOF) said. In a presentation to Finance Secretary Carlos G. Dominguez III, Irene Besido Garcia, PSALM president and chief executive, said the company’s financial obligations dropped by 40.3 billion at end-December 2020. Garcia said the reduction was almost four-times over PSALM’s target for last year of P10.18 billion. PSALM was able to bring down its financ...
Source: mb.com.ph