MANILA, Philippines—President Rodrigo Duterte has urged Congress, especially the Senate, to fast-track three bills which will further open up the economy to more foreign investors and, according to his economic managers, help the economy recover from pandemic-induced recession.
In an April 12 letter to Senate President Vicente Sotto III, the President said he certified the immediate passage of amendments to the Public Service Act, the Foreign Investments Act, as well as the Retail Trade Liberalization Act.
Amendments to the antiquated public service and foreign investment laws would allow greater foreign participation in sectors that had been restricted only t…
Keep on reading: Duterte asks Congress to give priority to new laws removing barriers to foreign investments