Adjusting PSALM Dividend Rate under RA 7656

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EXECUTIVE ORDER NO. 59: Adjusting PSALM Dividend Rate under RA 7656

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Title Supreme Court: Adjusting PSALM Dividend Rate under RA 7656

Law: Executive Order No. 59

Decision Date: Jul 25, 2018

Executive Order No. 59 adjusts the dividend rate of the Power Sector Assets and Liabilities Management Corporation (PSALM) to comply with the requirement for government-owned corporations to declare and remit at least 50% of their annual net earnings as dividends to the National Government, with a downward adjustment for specific years in the interest of national economy and general welfare.

adjusting dividend rate

compliance

annual net earnings

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