SMC’s sweet offer to PSALM: Full, 2-yr P22-B advance payment with no discount

San Miguel Corp. is willing to pay in full and in advance the entire P22.6 billion that its power generation subsidiary will owe to the Power Sector Assets and Liabilities Management Corp. (PSALM) over the next two years, with one more sweetener: no discount for early payment. Thus said the country's largest conglomerate on Wednesday (March 11), which stressed that the move is meant " to show its sincerity in helping the cash-strapped government entity." "We are offering to advance the full settlement of the undiscounted monthly payments due for the period March 26, 2020, until the end of the agreement on June 26, 2022," SMC Global Power Holdings Corp. president Ellen Go said at a ...Keep on reading: SMC’s sweet offer to PSALM: Full, 2-yr P22-B advance payment with no discount

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