Psalm told to collect P59B in unpaid dues

The Department of Finance (DoF) has ordered the collection of P59.2-billion worth of long overdue obligations of top corporate entities to the state-run Power Sector Assets and Liabilities Management Corp. (Psalm).

In a statement on Tuesday, the DoF said Finance Secretary Carlos Dominguez 3rd had “instructed Psalm to relentlessly pursue collection efforts against these IPPAs and use all remedies available to protect the rights of the government and the Filipino people.”