Webb5 apr. 2024 · The amendment to the PSA (“PSA Amendment”) is a major development in Philippine foreign investment regulations as it relaxes foreign ownership restrictions and effectively allows non-Filipinos to completely own businesses considered as public services in the country. The PSA Amendment will take effect on 7 April 2024. 1. Webb26 mars 2024 · Public Service Act Proposed amendments to the Public Service Act (“ PSA “) will exclude telecommunications from the definition of public utilities, effectively removing telecommunications from the current 40% limit on foreign equity in public utilities imposed by the Philippine Constitution.

Why the amendments to the Public Service Act are relevant to you

Webb21 mars 2024 · Manila – The implementing rules and regulations (IRR) of Republic Act No. 11659 or the Amendments to the Public Service Act (PSA) will take effect this April 4 following the approval of an inter-agency group, including the National Economic and Development Authority (NEDA). The NEDA on Monday released the new rules on the … Webb28 mars 2024 · On March 21, 2024, President Rodrigo R. Duterte signed Republic Act No. 11659 into law. The law amends the decades-old Commonwealth Act No. 146, otherwise known as the Public Service Act (PSA), which was passed in 1936. The PSA defines “public service” to include every person that owns, operates, manages or controls in the … green common wan chai

Public Service Act IRR takes effect April 4 Philippine News Agency

WebbSenate OKs amendments to Public Service Act. The Senate has passed on third and final reading the bill that would open up the Philippines to more foreign investors. Senate Bill (SB) 2094 hurdled the upper chamber with 19 affirmative votes, three negative votes and zero abstention from senators during the hybrid plenary session Wednesday, Dec. 15. Webb12 apr. 2024 · The U.S. Fish and Wildlife Service announced today it has revised the proposed critical habitat rule for the rufa red knot, a robin-sized shorebird currently listed as “threatened” under the Endangered Species Act, and is reopening the public comment period. The revised proposal is based on new information received during the first … WebbAmendments to Philippine Public Service Act Passed On 2 March 2024, President Rodrigo Duterte signed into law the amendments to the 85-year old Public Service Act (“ PSA ”). … green communications