Progressives say ‘Public Service Act’ won’t give much-needed economic recovery
Progressives say ‘Public Service Act’ won’t give much-needed economic recovery
By JANESS ANN J. ELLAO
Bulatlat.com
MANILA – Earlier this week, President Rodrigo Duterte signed into law the Public Service Act that would open up key industries in the country to foreign ownership. Big business and even lawmakers hailed this, saying it would propel the economy towards recovery.
The newly-signed Republic Act No. 11659 amended the 86-year-old Commonwealth Act 146 that re-defined a “public utility” in order to allow foreigners to invest in, own, and control businesses previously reserved for Filipinos.
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