PSALM stands for which of the following?

PSALM stands for which of the following?

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

Answer: (B)

PSALM is the name of a Philippine government entity formed to handle the power sector’s remaining assets and liabilities. The common expansion of the acronym is Power Sector Assets and Liabilities Management (often referred to as PSALM Corporation in full). This phrase precisely describes its purpose: managing the assets and the obligations left in the wake of restructuring the power industry, including guiding privatization and settling debts from the sector. The other options mix in terms like Masterplan or use Philippines/Public Sector in ways that don’t match the official name.

PSALM is the name of a Philippine government entity formed to handle the power sector’s remaining assets and liabilities. The common expansion of the acronym is Power Sector Assets and Liabilities Management (often referred to as PSALM Corporation in full). This phrase precisely describes its purpose: managing the assets and the obligations left in the wake of restructuring the power industry, including guiding privatization and settling debts from the sector. The other options mix in terms like Masterplan or use Philippines/Public Sector in ways that don’t match the official name.