House quad-committee chairpersons, members file House Bill (HB) No. 11043 (PPAB) The leaders of the House quad-committee (quad-comm) filed on Thursday, Nov. 7, a bill that seeks to enable the government to seize real estate illegally acquired by...
Tingog Party-list Rep. Jude Acidre (PPAB) The liberalization of the local education sector, which could be unlocked via economic Charter change (Cha-cha), can bring the advantages of foreign education to the Philippines. House Deputy Majority Leader...
Albay 2nd district Rep. Joey Salceda (Facebook) Economic-solon Albay 2nd district Rep. Joey Salceda says the Philippine economy is so tight against the entry of investments, nearly all of its neighboring countries have overtaken it. "We...
A former finance chief said that the Philippines stands alone in the Asian region with Constitutional restrictions on foreign ownership, emphasizing the need to ease these restrictive economic provisions. Former Finance Secretary Margarito B. Teves said the Philippines trails behind its Southeast...
Advocates for the Philippine economy on Thursday, Jan. 4, called on the government to remove restrictive economic provisions on full foreign ownership in the Constitution. Foundation for Economic Freedom Inc., a group composed of former finance secretaries and businessmen, said in a statement that...
Amid moves in Congress to change the current Constitution, Deputy Speaker and Pampanga 3rd District Rep. Aurelio Gonzales Jr. has proposed that 40 percent foreign ownership be allowed in mass media for its improvement. media In a statement, the lawmaker shared several of the amendments he submitted...
Bureaucratic and legislative kinks must be ironed out first before the incoming Marcos administration can allow the 100 percent foreign ownership of power generation ventures in the country. President-elect Bongbong Marcos (Noel Pabalate/ MANILA BULLETIN) President-elect Bongbong Marcos's...
President Duterte has signed the measure that amends the country's Foreign Investments Act, thereby easing rules on foreign businesses in the Philippines. President Rodrigo Duterte (Malacañang file photo) A copy of Republic Act (RA) No. 11647 showed that the President signed the amendments on...
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...
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...
