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The Philippines stands a chance for possible renegotiation in its commitments, particularly the services sector, Regional Comprehensive Economic Partnership (RCEP) following the enactment of three critical economic laws that opened up to 100 percent foreign ownership in previously restricted sectors
Published June 1, 2021, 4:57 PM As the Senate starts to deliberate on the proposed amendments to the Philippine Services Act (PSA) on hopes to attract more foreign direct investments, consumers have spotted 2 provisions that would allow utilities firms to set rates without prior public consultations. In a letter to Senator Grace Poe, chairperson on the Senate committee on public services, Laban Konsyumer inc. (LKI) noted of the two items on Senate Bill 2094, which seeks to amend the 85-year old Commonwealth Act. No. 146, but which the group deemed inimical to the interest of consumers. Both c...