Keep safeguards in amended Public Service Act ‘sacrosanct’ – Poe

MANILA, Philippines --- Safeguards in the Public Service Act, newly amended to allow 100-percent foreign ownership of public services, should remain "sacrosanct," Sen. Grace Poe said on Monday. As chair of the Senate public services committee, Poe sponsored the bill amending 85-year-old law, which President Rodrigo Duterte signed into law earlier on the same day. According to Poe, the amendments will ease foreign equity requirements in select industries --- such as telecommunications, airlines, and railways. They are meant to "spur critical investments to fast-track inclusive recovery and development that will leave no Filipino behind." "As main author and sponsor of the mea...

Keep on reading: Keep safeguards in amended Public Service Act ‘sacrosanct’ – Poe

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