Duterte Warns Power and Telco Sectors Anew, Says Industries May Be Opened Up to Foreign Investors

President Rodrigo Duterte reiterated that he wants to open up the power and telecommunication sectors to foreign investors if local companies do not shape up. Doing this, however, require a constitutional amendment to the 40% limit on foreign ownership of business, so this may be a way to get the discussion started again. Viability is a huge question, especially in telecommunications, where 80% of the available frequency bands

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.