Liberalizing industries  to stimulate foreign direct investments

After more than 80 years, the Commonwealth-era Public Service Act (PSA) of 1936 was amended by Congress last year. Then President Rodrigo Duterte signed Republic Act 11659 allowing 100% ownership of public services in the Philippines. It clearly defined the term “public utilities” and differentiated them from “public services.” Thus, …

Source: https://mb.com.ph/2023/02/07/liberalizing-industries-to-stimulate-foreign-direct-investments/?utm_source=rss&utm_medium=rss&utm_campaign=liberalizing-industries-to-stimulate-foreign-direct-investments