PRRD signs Public Service Act Amendments

Three months before he steps down as the country’s Chief Executive, President Duterte signs the amendments to the 85-year-old Public Service Act.

The Amendments to the Public Service Act clarifies the definition of ‘public utility’, which has been traditionally left to the judgement of the Judiciary. The law now limits ‘public utility’ to distribution and transmission of electricity, petroleum and petroleum products transmission, water distribution and wastewater systems, seaports, and public utility vehicles.  

The 1987 Constitution limits foreign equity ownership of public utilities to up to a maximum of 40%.  

AAMBIS-OWA Party List Representative Sharon Garin said, “A step towards liberalization is to limit the industries where foreign ownership is restricted. Under the new measure, the 40% cap on foreign equity ownership is lifted from public services not classified as public utility.”

The law also recognizes that the regulatory powers of the Public Service Commission have long been delegated to various administrative agencies.

“We did not introduce any change on the way industries are currently regulated. But we also made sure we did not come up with more restrictive rules than what we already have,” said Garin, who heads the House contingent in the Bicameral Conference Committee.      

Garin, who also chairs the House Committee on Economic Affairs added, “We need more foreign investments to produce more jobs if we are to recover faster from our losses during the pandemic. Government ayuda is never enough, and neither is it sustainable.“

The Amendments to the Public Service Act was ratified by both Houses of Congress on February 2, 2022.  

“This caps the two-and-a-half years of hard work I and my colleagues did during this Congress. What better gift to give the next generation but better quality public services everyone can enjoy in the next few years, “ Garin enthused.

#iloilonews

Note: Please follow us on our other links: https://iloilonewsandevents.blogspot.com/ https://www.instagram.com/iloilonews/ https://twitter.com/IloilonewsE https://web.facebook.com/antiquenewsandevents https://web.facebook.com/guimarasnews https://web.facebook.com/ilonggolife https://web.facebook.com/iloilobalita https://www.youtube.com/channel/UCSWEU5-OJ7vxTc1y3En_QgA thank you in advance for liking, sharing and subscribing...

Comments

TELUS International Philippines celebrates a decade of support to communities with Brigada Eskwela in Iloilo

ILOILO CITY – TELUS International Philippines (TIP), a leading AI-fueled customer experience and business process solutions provider, is proud to celebrate its tenth year supporting public school students and teachers through the Department of Education’s (DepEd) Brigada Eskwela program. As part of the 10th anniversary celebration, the company announced the expansion of its team members’ volunteer efforts to include Iloilo as part of their annual TELUS Days of Giving (TDOG) activities. More than 200 volunteers from TIP's Iloilo sites as well as public school teachers and students from Ramon Avanceña National High School, came together for the inaugural TDOG Brigada Eskwela volunteer effort in Iloilo. Their mission was twofold: to foster the spirit of volunteerism and to create safe and conducive learning environments for more than 4,300 high-school students and 120 educators in Iloilo ahead of the school’s re- opening in July. Volunteers engaged in activities such as painting c...

LIGA NG MGA BARANGAY, MAGAHIWAT SANG NATIONAL ASSEMBLY UMPISA SA HUNYO 3...

LIGA NG MGA BARANGAY, MAGAHIWAT SANG NATIONAL ASSEMBLY UMPISA SA HUNYO 3 TUBTOB HUNYO 12 SA PALAWAN Magahiwat sang National Assembly ang Liga ng mga Barangay sa bug-os nga pungsod umpisa sa Sabado, Hunyo 3, 2023, tubtob sa Lunes, Hunyo 12, 2023 didto sa Puerto Princesa City, Palawan. Ginpahayag ni Ex-Officio Board Member Dorothy Paes, ang Liga ng mga Barangay - Provincial Federation President, nga bangud tuman ka damo sang barangay kag diri pa lang sa probinsya sang Iloilo may yara na sang 1,721 ka barangay nga indi maakomodar sa isa lang ka venue kag isa lang ka hugnat. Ginsiling sini nga nangin malawig ang hiwaton nga national assembly tungod nga ila ini ginpahat-pahat sa tatlo ka batch kag didto hiwaton sa Puerto Princesa City, Palawan tungod isa ini ka Clustered General Assembly. Gilayon man sini nga ginpalab-ot sa mga Liga Chapters president ang iya nabaton nga sulat gikan sa Liga National, nga nagpaalinton man sa mga punong barangay nga luyag nga magtambong kag sa mga may pondo p...

ANUM KA PAMILYA SA SAN ENRIQUE, GIN-RESCUE

ANUM KA PAMILYA SA SAN ENRIQUE, GIN-RESCUE Naghiwat sang Rescue Operation ang San Enrique Fire Station nga ginapamunuan ni SFO3 Girlie May Gimotea kaupod ang San Enrique MDRRMO sa idalom sang supervision ni Chris Palomado sa Brgy. Lip-ac, San Enrique, Iloilo takna alas tres sang hapon sini nga Martes, Oktubre 10, 2023. Pag-abot sang BFP kag MDRRMO personnel, gin-asisteran nila ang anum ka panimalay nga ginatapuan sang 19 ka mga indibidwal kag gilayon nga gindala sa San Enrique Evacuation Center para sa temporaryo nga pasilungan. Nahibaluan nga nagmunog ang pagbubo sang ulan nga nagresulta sang pagbaha sa nasambit nga lugar. Sa bahin sang Sitio Morobuan, Brgy. Compo, kapin sa 80% sang pumuluyo ang nagbakwit takna alas 5:30 sang hapon bangud man sa baha. #iloilonews

Iloilo News and Events

Search This Blog