Page 77 - Ailways News Today

Justice Secretary Menardo Guevarra (File photo) MANILA - The new law amending the Public Service Act (PSA) recently signed by President Rodrigo Duterte now clearly defines which businesses are considered as public utilities that will remain covered by the restrictions on foreign capital enshrined in the Constitution, the Department of Justice (DOJ) said on Wednesday. "The new law now clearly defines what public utilities are: electricity transmission and distribution, petroleum pipeline tra...

Kerala Chief Minister Pinarayi Vijayan, scheduled to meet Prime Minister Narendra Modi on Thursday, is likely to press for the Centre's clearance for the state's much-hyped semi-high-speed rail project. Government sources said that the Chief Minister would be discussing many issues of the state, and the rail project may also come up. The state initiated steps for the rail

MANILA - An executive of telecommunications company PLDT on Tuesday said the passage of Republic Act (RA) 11659 amending the Public Services Act (PSA) would help position the Philippines as an "attractive investment destination" for foreign entities looking to invest in the Asian market. "In the medium term, we expect that RA 11659 will encourage healthier competition in various industries in the country," said PLDT president and chief executive officer Alfredo "Al"...

MANILA - Members of the House of Representatives on Tuesday lauded the enactment of a law amending the 85-year-old Public Service Act (PSA), which could be a game-changer that would open up the Philippine economy to more foreign investors. House Committee on Economic Affairs chair Sharon Garin said the passage of the law will increase the Philippines' foreign direct investments (FDI) by around PHP299 billion over the next five years. Garin said it is also expected to increase the gross domes...

MANILA - The American Chamber of Commerce of the Philippines (AmCham) has lauded the enactment into law of a measure amending the 85-year-old Public Service Act (PSA), which is expected to be a "game-changing" law for the country's investment horizon. In a statement Monday evening, AmCham said the amendments to the PSA will match the investment policies of Singapore, Thailand, and Vietnam amid the strong competition to attract foreign investments in the region. On Monday, President...

President Rodrigo Roa Duterte (File photo) MANILA - President Rodrigo Roa Duterte on Monday signed into law a measure amending the Public Service Act (PSA), allowing up to 100 percent foreign ownership of public services in the country. Republic Act (RA) No. 11659 or "An Act Amending Commonwealth Act No. 146 otherwise known as the Public Service Act" as amended was signed by Duterte in a ceremony at the Rizal Hall, Malacanan Palace in the presence of lawmakers and other officials. Unde...

There is currently no railway communication between Ukraine and Belarus, Oleksandr Kamyshin, Board Chairman of Ukrzaliznytsia, has said.

Indian Railways have prepared a National Rail Plan (NRP) for India which will create a future ready railway system by 2030, Union Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.

There is no plan to privatize Indian Railways as it belongs to the Government of India, said Railway Minister Ashwini Vaishnaw in Lok Sabha after some members expressed concern over it on Wednesday.

The freight train overshot a dead end and slammed into a wall beyond its stopper in Old Faridabad railway station, destroying a few cars in the parking area.