Stay updated with breaking news from Commonwealth Act. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The stage is set for greater foreign ownership of certain sectors as the National Economic and Development Authority released yesterday the implementing rules and regulations for the law amending the Public Service Act.
Foreign Sovereign Wealth Funds (SWFs) can collectively invest a maximum of 30 percent in Philippine companies engaged in the operation of public utilities and critical infrastructure such as telecommunications, according to the newly released Implementing Rules and Regulations (IRR) of the Public Service Act (PSA). On Monday, the National Economic…
Poe to Neda: Speed up IRR of Public Service Act
Noting that the amended Public Service Act (PSA), was enacted into law as Republic Act No. 11659 nearly a year ago, Senator Grace Poe on Friday urged the National Economic and Development Authority (Neda) to finish the Implementing Rules and Regulations (IRR) of the law. RA 11659, which updated the…
Resto bar operators, several others face raps over chef’s mauling