Business
PSALM Fails to Sell Quezon City Property, Faces Potential P11.09 Billion Loss
The state-run Power Sector Assets and Liabilities Management Corp. (PSALM) failed to secure any bids for a portion of its Diliman property in Quezon City, missing out on potential revenue of at least P11.09 billion. The failed bidding raises concerns about PSALM's asset management and financial liquidity.
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- PSALM Property Auction Fails to Attract Bids, Billion-Peso Target Missed
The state-run Power Sector Assets and Liabilities Management Corp. (PSALM) failed to secure any bids for its Diliman property in Quezon City, missing its target of generating at least P11 billion. PSALM is considering a second round of bidding.