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Landbank Pledges P60-B Loan to PSALM
The Philippine Star
|August 29, 2025
Land Bank of the Philippines has pledged P60 billion to the Power Sector Assets and Liabilities Management Corp. (PSALM), supporting fiscal sustainability and energy reforms.
The facility will boost PSALM's working capital, refinance existing obligations and settle domestic liabilities, enabling the state-run firm to deliver its mandate under the Electric Power Industry Reform Act.
Landbank president and CEO Lynette Ortiz said the exchange demonstrates the collective commitment to strengthen the Philippine power sector, describing it as vital to shaping the country's economic future and improving the quality of life of every Filipino.
This story is from the August 29, 2025 edition of The Philippine Star.
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