Hi Edward, Here are the most important news that you need to know. Telecommunications, airlines, expressways and tollways, railways and shipping in the country will now be open to full foreign ownership after President Duterte on Monday signed into law Republic Act No. 11659 amending the 85-year-old Public Service Act (PSA). Consumers are finally getting some relief after 11 weeks of uninterrupted fuel price increases that started in January this year. CABBAGE TOSS A farmer in Atok, Benguet, loads newly harvested cabbages onto a truck that will leave for the vegetable trading post in La Trinidad town, the provincial capital. —REM ZAMORA Some of the country’s biggest business groups, including top property developers, have backed the government’s criticized directive to end work-from-home (WFH) arrangements, citing the need to rekindle economic activity as a “a key milestone toward the country’s journey to post-pandemic normalcy.” When the Philippine Sports Commission maneuvered a mediation to settle the controversy involving pole-vaulter EJ Obiena and the Philippines Athletics Track and Field Association, there was optimism for a speedy resolution to the rift that has polarized Philippine sports for the past four months or so. |
Monday, March 21, 2022
Telco, airlines now open to full foreign ownership
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