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House passes bill allowing foreign ownership in telco, transport sectors

ABS-CBN News
Posted at Mar 12 01:35 AM

Local and foreign business groups hailed the House of Representatives' move of approving a bill that would allow foreign control of telecommunications and transportation companies. Read more »

‘It can be regulated’: Lawmaker on foreign ownership concerns in telco, transpo sectors

ABS-CBN News
Posted at Mar 11 07:34 PM

A Philippine lawmaker on Wednesday allayed fears that allowing foreign ownership in the telecommunications and transportation sectors will compromise national security.   Read more »

House passes bill allowing foreign ownership in telco, transport

ABS-CBN News
Posted at Mar 10 08:09 PM

The House of Representatives on Tuesday passed on third and final reading a bill seeking to allow foreign ownership of telecommunication and transportation businesses, to the dismay of dozens of lawmakers who rejected it. Read more »

ABS-CBN PDRs 'compliant' with law, as SEC says ownership rules evolving

ABS-CBN News
Updated as of Feb 25 12:25 AM

If the rules on PDRs changed since ABS-CBN Holdings Corp issued the first ones in 1999, it should be allowed to "rectify" the investment instruments to reflect the changing regulations. Read more »

Will foreign ownership of telcos influence content of mass media?

ABS-CBN News
Posted at Feb 21 12:19 AM

Several Philippine legislators and law professors expressed alarm over the possible control by foreigners of some critical industries.  Read more »

Panukalang payagan ang full foreign ownership sa telco, transport ikinabahala

ABS-CBN News
Posted at Feb 20 07:28 PM

Nababahala na ang ilang mambabatas sa maaaring panghihimasok ng mga dayuhan sa ilang industriya sa bansa ngayong isinusulong sa Kongreso na payagan ang 100 percent foreign ownership sa sektor ng telecommunications at transportasyon. Read more »

Lawmaker hits colleagues for bill allowing full foreign ownership of telco, transport firms

ABS-CBN News
Posted at Feb 20 12:31 AM

A House lawmaker criticized the passage on second reading of a bill which he suspects will lead to foreign ownership of media companies, aside from other public utilities. Read more »

House approves on 2nd reading bill allowing foreign ownership in telco, transport

ABS-CBN News
Updated as of Feb 19 05:37 PM

The House of Representatives approved Tuesday on second reading a bill seeking to allow foreign ownership of telecommunication and transportation businesses, which a left-wing solon claimed was a shortcut to a proposed charter change.    Read more »

Ex-PSE head: ABS-CBN's PDRs do not mean foreign ownership

ABS-CBN News
Posted at Feb 12 11:43 PM

The former head of the Philippine Stock Exchange explained that Philippine depository receipts (PDRs) issued by ABS-CBN Corporation does not equate to foreign ownership of the company. Read more »

Angkas nag-sorry, nagpaliwanag sa mga umano'y paglabag

ABS-CBN News
Updated as of Jan 08 07:56 PM

Humingi ng paumanhin ngayong Miyerkoles ang pamunuan ng ride-hailing app na Angkas kasunod ng bantang ipapa-blacklist sila ng gobyerno sa mga naging paglabag sa pilot testing ng motorcycle taxis.  Read more »

Angkas refuses to pick 'fight' with regulators, explains ownership

Jessica Fenol, ABS-CBN News
Updated as of Jan 08 01:47 PM

Angkas said Wednesday limiting the participants in the pilot run for motorcycle taxis risks reducing supply, as it urged government not to view its opposition to the cap as "picking a fight." Read more »

Angkas may have violated foreign ownership cap, says transport dept

ABS-CBN News
Updated as of Jan 08 08:53 AM

The operator of ride-hailing firm Angkas is "99.9 percent" owned by a Singaporean, in possible violation of a constitutional restriction that capped foreign ownership in certain businesses, the Department of Transportation said Tuesday.  Read more »

Charter change effort in House allows solons to ease foreign ownership cap: Bayan Muna

ABS-CBN News
Updated as of Dec 13 09:45 AM

A resolution approved by the House committee on constitutional amendments in a closed-door meeting could allow 100-percent foreign ownership of local businesses, a lawmaker said Friday. Read more »

'For the 8th time': Rappler chief Maria Ressa posts bail anew

ABS-CBN News
Posted at Apr 02 04:17 AM

MANILA - Rappler chief Maria Ressa on Monday posted bail anew over alleged violations on foreign ownership rules. Read more »

Draft charter keeps foreign ownership limits in some sectors of economy

Reuters
Posted at Jul 09 06:30 PM

A proposed new constitution in the Philippines would keep restrictions on foreign ownership of companies, land and public utilities, but ease limits in media and advertising, according to a draft of the charter released on Monday. Read more »

Cut red tape, ease foreign ownership rules, Italian business group urges gov't

ABS-CBN News
Updated as of Apr 19 08:19 PM

Italian businessmen looking to invest in the Philippines want to see the government make good on its promise to cut red tape and open sectors of the economy to foreign ownership, an official of an Italian business group said Thursday. Read more »

NBI: Cyber libel vs Rappler, walang basehan

ABS-CBN News
Updated as of Oct 05 07:49 AM

Walang basehan para sampahan ng cyber libel ang Rappler. Pero tuloy umano ang pagsisiyasat ng NBI sa iba pang maaaring nilabag ng Rappler kaugnay naman sa pagmamay-ari ng kanilang kompanya.  Read more »

Duterte says he merely followed SEC ruling in blocking Rappler

Dharel Placido, ABS-CBN News
Posted at Feb 22 05:18 PM

MANILA - President Rodrigo Duterte on Thursday said he was merely following the ruling of the Securities and Exchange Commission (SEC) in ordering that Rappler reporter Pia Ranada be banned from covering events at the Palace.  Read more »

Ex-chief justice warns PH will be a 'colony' if foreign capital limits are lifted

Trishia Billones, ABS-CBN News
Posted at Jan 29 10:35 AM

MANILA - The provisions of the Constitution on foreign ownership should remain because amending it may lead to the Philippines being a "colony" of foreign investors, a former chief justice said Monday. Read more »

Pimentel seeks 'more flexible' cap on foreign ownership

ABS-CBN News
Updated as of Jan 25 02:02 PM

Provisions on foreign ownership of business must be "more flexible," Senate President Aquilino Pimentel III on Thursday said Thursday, as lawmakers discussed possible amendments to the Constitution. Read more »