The state-run Power Sector Assets and Liabilities Management Corp. (PSALM) trimmed down its debts by 42 percent from P1.2 trillion in 2000 to P698.9 billion at the end of 2014, PSALM President and Chief Executive Officer Emmanuel Ledesma Jr. said on Tuesday.
Ledesma attributed the decline to PSALM’s privatization program, which generated a total P916.2 billion at the end of 2014 with P420.1 billion paid and P471.5 billion collectible.
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