The Philippines' move allowing greater foreign participation in public services is seen by the World Bank as a productivity enhancement, especially in the electrical machinery, telecommunication and transport sectors. Referring to the amendment to the antiquated Public Service Act (PSA) that was...
State economic managers have lauded Senate Minority Leader Franklin Drilon for his major contribution in the passage of three key economic reform laws that are seen to hasten the country’s recovery from the Covid-19 pandemic. In a letter signed by Finance Secretary Carlos G. Dominguez, Trade...
Senator Christopher ‘’Bong’’ Go on Tuesday, March 22 said that the law amending the Public Service Act would be beneficial for the Philippine economy. ‘’This measure, in effect, promotes healthy competition across various industries which can pave the way for favorable prices and...
The recently signed amendments to Republic Act (RA) 11659 or the Public Service Act (PSA) are akin to the Oil Deregulation Law and will result in heftier increases in the prices of goods, says House Deputy Minority leader and Bayan Muna Party-list Rep. Carlos Zarate. Bayan Muna Party -list Rep....
Senatorial candidate Herbert “Bistek” Bautista on Friday expressed belief that a reliable and faster internet connection in the country is possible especially if Filipino and foreign investors would merge resources to service communities who are out of reach of the top three telecommunication...
The Philippine economy will receive a boost from increased foreign investments as a result of the newly-amended 1936 Public Service Act (PSA). House Committee on Economic Affairs Chairperson AAMBIS-OWA Party-list Rep. Sharon Garin made this assurance as she noted that the law now allows up to 100...
Senator Francis Tolentino has raised national security concerns over a proposal that would allow foreign companies to fully control and operate toll expressways in the Philippines. Senator Francis Tolentino (Senate of the Philippines) Tolentino, in a statement on Wednesday, August 4, stressed that...
Senate President Pro Tempore Ralph Recto has expressed concern over a proposal that would allow a total foreign ownership of telecommunication companies as part of the amendments to the Public Service Act (PSA). Senate President Pro Tempore Ralph Recto (Senate PRIB) During the plenary debates on...
Senator Grace Poe said the proposed amendment to the Public Service Act will address the rotational blackouts and the expected increase in electricity bills. Senator Grace Poe (Office of Sen. Grace Poe/MANILA BULLETIN File Photo) Poe, chairperson of the Senate Public Service Committee, raised...
Senator Risa Hontiveros on Tuesday, May 25, warned that amendments to the Public Service Act (PSA), which would allow 100 percent foreign ownership of public utilities, could pave the way for China to own critical infrastructure in the Philippines. China, Hontiveros said, could use this as leverage...
