Hich President Rodrigo Roa Duterte Signed Into Law Monday The Amendments To Psa Limit Coverage Of Public Utilities And Effectively Liberalize Key Services By Allowing Full Foreign Ownership In Sectors This Will Encourage More Investments Innovation Lower Prices News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The National Economic and Development Authority (NEDA) lauds the enactment of Republic Act No. 11659 or the amendments to the Public Service Act (PSA), which President Rodrigo Roa Duterte signed into law Monday. The amendments to the PSA limit the coverage of public utilities and effectively liberalize key public services by allowing full foreign ownership in key sectors. This will encourage more foreign investments and innovation to lower prices, improve the quality of goods and services, and create more and better jobs. "We thank President Duterte and legislators from both chambers of Congress for their commitment to pass landmark legislation amid the challenges brought about by the pandemic. This reform will help bring in more foreign investments and improve services, especially in transport and telecommunications where we are lagging behind. This will benefit all Filipinos through better quality goods and services at lower prices and more meaningful job prospects,&quo ....

Franklin Drilon , Sharon Garin , Joey Salceda , Karl Kendrick Chua , Grace Poe , Rodrigo Roa Duterte , Public Service Act , National Economic , Development Authority , Republic Act , President Rodrigo Roa Duterte , President Duterte , Planning Secretary Karl Kendrick Chua , Senator Grace Poe , Senator Franklin Drilon , Representative Sharon Garin , Representative Joey Salceda , Retail Trade Liberalization Act , Foreign Investments Act , Manila The National Economic And Development Authority Neda Lauds Enactment Of Republic Act No 11659 Or Amendments To Public Service Psa , Hich President Rodrigo Roa Duterte Signed Into Law Monday The Amendments To Psa Limit Coverage Of Public Utilities And Effectively Liberalize Key Services By Allowing Full Foreign Ownership In Sectors This Will Encourage More Investments Innovation Lower Prices , Mprove The Quality Of Goods And Services , Nd Create More And Better Jobs Quot We Thank President Duterte Legislators From Both Chambers Of Congress For Their Commitment To Pass Landmark Legislation Amid The Challenges Brought About By Pandemic This Reform Will Help Bring In Foreign Investments Improve Services , Specially In Transport And Telecommunications Where We Are Lagging Behind This Will Benefit All Filipinos Through Better Quality Goods Services At Lower Prices More Meaningful Job Prospects , Uot Socioeconomic Planning Secretary Karl Kendrick Chua Said Ina Statement Tuesday Quot We Especially Thank The Chairpersons And Principal Authors Senator Grace Poe , Senator Franklin Drilon ,