PSALM stands for what?

PSALM stands for what?

• A. Power Sector Assets and Liabilities Masterplan
• B. Philippine Sector Assets and Liabilities Management
• C. Public Sector Assets and Liabilities Management
• D. Power Sector Assets and Liabilities Management

Answer: (D)

PSALM stands for Power Sector Assets and Liabilities Management Corporation. This is the Philippine government-owned corporation created to take over and manage the power sector’s assets and liabilities, a move tied to privatization efforts and financial cleanup of the sector. The options show a very close phrase that omits the final word “Corporation,” which is included in the official name. In formal usage, the full designation is used, so the correct expansion is the one that includes Corporation, even though the shortened version is commonly seen in everyday references.

PSALM stands for Power Sector Assets and Liabilities Management Corporation. This is the Philippine government-owned corporation created to take over and manage the power sector’s assets and liabilities, a move tied to privatization efforts and financial cleanup of the sector. The options show a very close phrase that omits the final word “Corporation,” which is included in the official name. In formal usage, the full designation is used, so the correct expansion is the one that includes Corporation, even though the shortened version is commonly seen in everyday references.