The Power Sector Assets and Liabilities Management Corp. (PSALM) on Tuesday bared receipt of P5.176 billion from the Department of Transportation (DOTr) as payment for the purchase of properties in Sucat, Paranaque.
Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery.
The Senate committee on energy has urged the National Electrification Administration (NEA) to take over management of the Palawan Electric Cooperative (Paleco) as consumer frustration boils over the constant occurrence of power outages in the province.