#house bill 78

The House of Representatives has approved on second reading a measure that eases limits on full foreign ownership of public services. According to a report by The Philippine Star, the measure, referred to as House Bill No. The House of Representatives of the Philippines approved House Bill No. The bill seeks to expand the use of digital payments in the country. Tinio said the bill does not clearly state who can access transaction data once digital payments become more common. He added that the bill may allow payment providers to charge transaction fees, even for small payments. Meanwhile, bill sponsor Irwin Tieng said existing rules from the Bangko Sentral ng Pilipinas and current data privacy laws already provide protection for users. House Bill 8468 still needs approval on third and final reading before it can move forward in the legislative process. Read more in our articles including "Bill on lifting foreign ownership of public services passes second reading" and "House approves Digital Payments Bill on second reading".