hb 78 – Thinking Port

Measure amending PSA to boost FDI – analysts

February 29, 2020 admin Edcel Lagman, fdi, Foreign Direct Investments, hb 78, house bill 78, Joey Salceda, psa, public service, public service act, Public Utility, sunday business

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Sat, 29 Feb 2020 16:20:28 +0000

PROPOSED amendments to the 84-year-old Public Service Act (PSA) would boost job-generating foreign direct investments (FDI) in the country, but regulators must ensure these would be properly implemented, analysts say. This comes after some lawmakers have criticized the planned amendments, raising concerns that once passed, these would allow foreign companies to fully own certain public […]