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PSALM justified to have private lawyer for future privatization effort

State-run Power Sector Assets and Liabilities Management Corp. said it would have leeway to hire private lawyers for its future privatization efforts after the Supreme Court provided remedial measures for government agencies to tap external legal advisors. ....

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PSALM cuts debt to P344 billion in Q1

State-run Power Sector Assets and Liabilities Management Corp. trimmed its total debt by P11 billion in the first quarter. ....

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SMC Global Power gets Ilijan plant

The government has turned over the 1,200-megawatt Ilijan power plant in Batangas to SMC Global Power Holdings Corp. after more than two decades under an administration agreement. ....

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PSALM sells assets in Puerto Azul | Lenie Lectura

The Power Sector Assets and Liabilities Management Corp. (PSALM) has successfully bid out its Puerto Azul assets for P6.57 million. The state firm said the asset was sold via Offer to Sell (OTS) to the members of the Puerto Azul Golf and Country Club (PAGCC) last February 2. The OTS… ....

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PSALM remits P500 million to BIR, settles tax issues

The Power Sector Assets and Liabilities Management Corp. has paid P500 million to the Bureau of Internal Revenue as part of a deal for a mutually advantageous global settlement of pending tax issues. ....

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