STATE auditors recommended that the Power Sector Assets and Liabilities Management (Psalm) return to Quezon City to save P13 million yearly from its present rental fees.

In the latest report of the Commission on Audit on Psalm, the audit team found that a total of P13 million a year could have been kept in the coffers of the corporation had it not moved to Makati City where rental rates are higher.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details