Pres. Duterte finally signs amended Public Service Act

Q: Key Point 2: This bill was just submitted to the Office of the...

This bill was just submitted to the Office of the President some three weeks ago.

Q: Key Point 3: 11659 or "An Act Amending Commonwealth Act No.

11659 or "An Act Amending Commonwealth Act No.

President Duterte today signed the amended Public Service Act, opening up possibilities for foreign investments. This bill was just submitted to the Office of the President some three weeks ago.

Republic Act (RA) No. 11659 or “An Act Amending Commonwealth Act No. 146” otherwise known as the Public Service Act has classified telecommunications, railways, expressways, airports, and shipping industries as public services, thus, allowing up to 100% foreign ownership in these sectors.

Now that it is in effect, we will see the potential for direct foreign investments in these sectors to grow exponentially [read more here].

React to this article:

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.