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Recto wants to prolong existence of PSALM to plug deficit

By Inquirer - 8 months ago
Finance Secretary Ralph Recto said the corporate life of state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) should be extended “by another 25 years, possibly” since it still has a lot of assets for sale and financial obligations to settle. “I think it should be extended. PSALM still has many debts, has many power

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