Lower House Tackles Bill Allowing Full Foreign Ownership of Public Utilities

The House of Representatives (HoR) is discussing a proposed law that would allow foreigners to full ownership of public utility companies, including telecommunication firms, without the need for a constitutional amendment. The constitution specifically states that citizens or companies with at least 60% Filipino ownership must own public utilities. The HoR proposal, however, seeks a redefinition of public utility to mere operation, management, and control of a company. Ownership is excluded from the…

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