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...
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
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...
A House leader is looking forward to seeing the positive effects of Republic Act (RA) No.11659 or the Public Service Act, which President Duterte signed last week. (Shivendu Shukla/ Unsplash) “Opening up some of our industries like telecommunications, railways, and airlines to full foreign...
Three months before the completion of its term, the Duterte administration could point with justifiable pride to the enactment of three vital economic liberalization laws that would boost the Philippine economy’s global competitiveness — and cushion the impact of external shocks such as those...
Gabriela Women’s Party-list Rep. Arlene Brosas slammed President Rodrigo Duterte’s signing of the amendments to Republic Act (RA) 11659 or the Public Service Act (PSA) , even speculating that the raised foreign ownership limits on the telecommunications industry could lead to cybersecurity...
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....
NEDA lauds amended PSA law Chino S. Leyco The amended Public Service Act (PSA) will encourage more foreign investments and innovation to lower prices, improve the quality of goods and services, as well as create more and better jobs, the National Economic and Development Authority (NEDA) said. In a...
President Duterte has signed into law the measure amending the Public Service Act (PSA), saying this will help the economy recover from the effects of the Covid-19 pandemic. President Rodrigo Duterte signs the measure amending the Public Service Act in a ceremonial signing event in Malacañang,...
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...
House Committee on Economic Affairs chairperson and AAMBIS-OWA Party-list Rep. Sharon Garin is hopeful that the proposed New Public Service Act will soon be signed into law by President Duterte. This, after the measure was transmitted to the Office of the President for enactment last Monday, Feb....
