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                    [ArticleID] => 155105
                    [Title] => ADB airs concern over ability of PSALM to assume Napocor debts
                    [Summary] => The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor).


"The PSALM has a limited mandate," Richard S. Ondrik, ADB chief country officer for the Philippines country office (PhCO), said.


Ondrik said they are not against the plan of the PSALM to assume all the debts of Napocor including those made with the ADB and other official development assistance (ODA) loans.


                    [DatePublished] => 2002-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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POWER SECTOR ASSETS LIABILITIES MANAGEMENT CORP

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                    [ArticleID] => 155105
                    [Title] => ADB airs concern over ability of PSALM to assume Napocor debts
                    [Summary] => The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor).


"The PSALM has a limited mandate," Richard S. Ondrik, ADB chief country officer for the Philippines country office (PhCO), said.


Ondrik said they are not against the plan of the PSALM to assume all the debts of Napocor including those made with the ADB and other official development assistance (ODA) loans.


                    [DatePublished] => 2002-03-25 00:00:00
                    [ColumnID] => 133272
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abtest

ADB airs concern over ability of PSALM to assume Napocor debts

March 25, 2002 - 12:00am

The Asian Development Bank (ADB) has expressed concern over the ability of the Power Sector Assets Liabilities Management Corp. (PSALM) to assume the debt liabilities of the National Power Corp. (Napocor). "The...

Business