Page 16 - Commonwealth Act News Today : Breaking News, Live

Progressives say 'Public Service Act' won't give much-needed economic recovery

Published: March 25, 2022

Ibon Foundation executive director Sonny Africa said that foreign direct investments are not “some kind of magic bullet for development.”

Source: bulatlat.com

The new PSA

Published: March 25, 2022

A few months before the end of his term, President Duterte approved a new measure which, coupled with the right business environment, can help boost the country’s economic development by attracting new investments.

Source: philstar.com

New law defines public utilities covered by foreign equity limit

Published: March 23, 2022

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 transmission, water and sewerage pipeline distribution, seaports, and PUVs (public utility vehicles). T...

Source: philippinetimes.com

Related Topics:

Franklin Drilon Rodrigo Duterte Menardo Guevarra Department Of Justice Public Service Act President Rodrigo Duterte Commonwealth Act Republic Act Justice Secretary Menardo Guevarra File Photo Manila The New Law Amending Public Service Act Psa Recently Signed By President Rodrigo Duterte Now Clearly Defines Which Businesses Are Considered As Utilities That Will Remain Covered Restrictions On Foreign Capital Enshrined In Constitution He Department Of Justice Doj Said On Wednesday Quot The New Law Now Clearly Defines What Public Utilities Are Electricity Transmission And Distribution Etroleum Pipeline Transmission Ater And Sewerage Pipeline Distribution Nd Puvs Public Utility Vehicles Their Foreign Ownership Will Continue To Be Limited By The Constitution Maximum Of 40 Percent Capital All Other Service Industries Liberalized Llowing Foreign Capital To The Extent Of 100 Percent Uot Doj Secretary Menardo Guevarra Said Ina Message To Reporters Under The Amended Psa Nd Shipping Industries Will Be Considered Public Services Llowing Up To 100 Percent Foreign Ownership In These Sectors Senator Franklin Drilon He Law 39s Main Proponent In The Senate Aid The New Law Amends More Than Eight Decades Old Commonwealth Act No 146 And Will Pave Way For Economic Recovery Drilon Said Amendment Providesa Clearer Definition Of Public Utilities S He Pointed Out How The Interchangeable Use Of Quot Public Utility And Service Has Effectively Barred Entry Foreign Capital Into Philippine Market While Ownership To These Utilities Will Remain Restricted Toa Maximum 40 Percent Ll Other Quot Public Services Will No Longer Have Foreign Ownership Restrictions Drilon Larified That Republic Act 11659 Does Not Translate To The Deregulation Of Public Services S He Underscored That All Public Services Ncluding Public Utilities Re Still Subject To Existing Regulatory Rules Quot These Laws Will Stimulate The Economy

Philippines President Duterte signs law allowing full foreign ownership of telcos, airlines, railways

Published: March 21, 2022

President Rodrigo Duterte on Monday signed the law amending the 85-year-old Commonwealth Act No. 146, or the Public Service Act, relaxing restrictions on foreigners to completely own businesses in the country.

Source: thestar.com.my

Only men enjoyed the right of suffrage in PH until 1937

Published: March 8, 2022

Womenvotersin Marawi City (Photo by Divina M. Suson) MANILA - Many of the country's young women voters may be interested to know that until the middle of the 1930s, only men were allowed to enjoy the right of suffrage in the Philippines. This was because Section 1, Article V of the 1935 Constitution under the heading "Suffrage" originally provided that: "Suffrage may be exercised by male citizens of the Philippines not otherwise disqualified by law, who are twenty-one years of age or over and are able to read and write, and who shall have resided in the Philippines for one y...