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...
The Department of Finance (DOF) said the recently approved amendments to retail trade liberalization law along with other economic loosening initiatives will support the continued recovery of trade and economic activity in the country. Finance Undersecretary Gil S. Beltran said the nearly a quarter...
NEDA cites 3 crucial economic measures By Chino S. Leyco The National Economic and Development Authority (NEDA) has identified three economic liberalization measures that are crucial in accelerating economic growth this year and beyond. In a statement, Socioeconomic Planning Secretary Karl Kendrick...
While presidential aspirant Vice President Leni Robredo agrees that more foreign investments are needed to improve public services in the country, she wants to make sure that there are safeguards for Filipino investors in the recently-passed bill that will allow foreign ownership of public...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
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...
