public-service-act | ABS-CBN News

PH ready for foreign investors in telcos, airports, roads: Diokno

ABS-CBN News
Posted at Oct 17 10:03 AM

The Philippines is ready to welcome revenue-generating foreign investments in telcos, airports and other industries, Finance Secretary Benjamin Diokno said. Read more »

The economy under Duterte

Jekki Pascual and Art Fuentes, ABS-CBN News
Updated as of Jul 14 11:52 AM

Marcos inherits from Duterte an economy that is on the rebound but which also faces challenges of high debt levels, rising inflation, and a lingering pandemic. Read more »

Scholar eyes risk as PH eases foreign business ownership

Kyodo News
Posted at May 17 04:46 PM

President-elect Ferdinand Marcos Jr. is likely to continue Duterte's infrastructure program, foreign borrowing and a friendly approach to China. Read more »

DTI says SpaceX's Starlink registration 'underway'

ABS-CBN News
Posted at Mar 31 03:36 PM

Preparations are underway for the entry of Elon Musk's SpaceX to the Philippines to deploy its Starlink satellite technology, the DICT said. Read more »

More investments 'coming in' as foreign ownership rules ease: business group

Jessica Fenol, ABS-CBN News
Posted at Mar 31 03:11 PM

International business groups have a crucial role to play before more foreign investments pour in following the signing of the amended Public Service Act. Read more »

DICT downplays concerns on foreign ownership of telcos

Job Manahan, ABS-CBN News
Updated as of Mar 25 10:11 AM

Acting DICT Secretary Emmanuel Caintic said the amended Public Service Act recognizes the security risks of easing foreign ownership restrictions. Read more »

More foreign investors coming to PH: Swiss envoy

Jekki Pascual, ABS-CBN News
Updated as of Mar 23 01:00 PM

Switzerland's Ambassador said he is expecting more foreign investors to come to the Philippines following the signing of the amendments to the Public Service Act. Read more »

Australian firms 'keen to invest' in PH: envoy

ABS-CBN News
Updated as of Mar 23 12:14 PM

Many Australian companies are keen to invest in the Philippines after the passage of economic reforms, an ambassador said. Read more »

Duterte signs law allowing full foreign ownership in telco, airlines, railways

ABS-CBN News
Posted at Mar 21 10:04 PM

Foreign companies are now allowed full ownership of telecommunications, railways and airlines in the Philippines. Read more »

Duterte signs PSA allowing foreign ownership of telcos

ABS-CBN News
Updated as of Mar 23 05:08 PM

President Rodrigo Duterte on Monday signed into law the amendments to the Public Service Act (PSA) allowing full foreign ownership of telecommunications firms. Read more »

Bill amending Public Service Act up for Duterte's signature

ABS-CBN News
Posted at Feb 03 10:45 PM

A key legislation easing the Philippines' foreign investment limits is now up for President Rodrigo Duterte's signature. Read more »

Congress lifts foreign investment limits on most sectors

RG Cruz, ABS-CBN News
Updated as of Feb 03 01:48 AM

Supporters of the amendments to the Public Service Act cited more jobs, but detractors said the public will be left vulnerable to foreign meddling. Read more »

British Chamber backs passage of pro-economic bills

ABS-CBN News
Posted at Oct 15 11:59 AM

Laws aimed at liberalizing the economy should be passed immediately to encourage more foreign direct investments, a British trade group official said. Read more »

Business groups back Senate amendments to Public Service Act

ABS-CBN News
Posted at Sep 20 09:05 PM

In a statement, the business groups said they strongly support liberalization of the Philippine economy via amendments to the Public Service Act. Read more »

FINEX calls on Duterte to enact pending 'pro-business' measures

ABS-CBN News
Posted at Jul 27 02:51 PM

President Rodrigo Duterte should ensure that crucial "pro-business" bills are enacted into law before his term ends so as to attract more investments, a business group said Tuesday.   Read more »

On last SONA, Duterte calls for passage of bills to attract foreign investment

ABS-CBN News
Posted at Jul 27 12:51 AM

President Rodrigo Duterte called on lawmakers to pass three priority bills meant to attract more foreign investments into the country.   Read more »

Duterte hiniling sa Kongreso na unahin ang mga panukala para sa reporma sa buwis

Joyce Balancio, ABS-CBN News
Posted at Jun 16 11:14 PM

Umaasa si Pangulong Rodrigo na bibigyang prayoridad ng Kongreso ang mga panukalang batas patungkol sa reporma sa pagbubuwis.   Read more »

Panukalang amyenda sa Public Service Act, muling tinalakay sa Senado

Johnson Manabat, ABS-CBN News
Posted at Jun 01 11:03 PM

Sumentro ang unang bahagi ng interpelasyon ng mga mambabatas sa nais isulong ni Poe na malimitahan sa 25-porsyento ang employment ng mga dayuhang manggagawa sa isang public utility company sa bansa at ang limitasyon hanggang 40-porsiyentong pagmamay-ari dito ng mga dayuhan.  Read more »

Hontiveros warns of more Chinese incursions if foreigners allowed to own public utilities

ABS-CBN News
Posted at May 25 09:20 AM

Proposed amendments to the country's Public Service Act, which will allow 100 percent foreign ownership of public utilities, may pave way for China to own crucial infrastructure in the Philippines, a senator warned Tuesday. Read more »

Lawmakers have power to revoke order lowering imported pork tariff - Palace

ABS-CBN News
Posted at Apr 13 09:19 PM

Malacañang on Tuesday said it is up to the country's lawmakers if they want to revoke Executive Order No. 128, which modifies the tariffs on imported pork.   Read more »