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Dec 29, 2021 · The PSA seeks to modify an 85-year-old act to change the legal definition of “public services” and those that are blanketed by the category of the “public utilities” industry. Once passed, Rodolfo said, the amended law will allow droves of foreign ownership on some crucial public services such as telecommunications and transportation.
- Purpose of House Bill No. 78
- Impact of Amendments
- Public Service
- Exempt Entities: Not Considered Public Service
- Public Utility: defined; Enumeration
- Franchise Required For Public Service
- Conditions of Franchise Or Certificate
- Reciprocity Requirement on Ownership by Foreign Nationals
- Employment of Foreign Nationals
- Mergers and Acquisitions
In the explanatory note of the proposed law, the principal sponsor, Joey S. Salceda, explained that the Public Service Act (Commonwealth Act No. 46) was crafted in 1936 to govern public services in the Philippines. It no longer sufficiently addresses the changes in the economic framework brought about by globalization and rapid technological innova...
The amendment of the Public Service Law has created a big issue. What is the controversy all about? The amendments allow 100% foreign ownership of certain industries traditionally reserved to Filipinos. The Philippine Constitution provides that foreign ownership of public utilities must be limited to 40%. Section 11 of Article XII of the Constituti...
As noted above, 100% ownership of foreign investors is allowed for public services. Under the proposed New Public Service Act, the term “public service” includes every person that now or hereafter may own, operate, manage, or control in the Philippines, for hire or compensation, with general or limited clientele, whether permanent, occasional or ac...
The following are exempted from the provisions on public service (including the requirement of a franchise): 1. (a) Warehouses; 1. (b) Vehicles drawn by animals and bancas moved by oar, sail, and tugboats and lighters; 1. (c) Airships within the Philippines, except as regards the fixing of their maximum rates on freight and passengers; 1. (d) Radio...
Under the proposed New Public Service Act, a public service that meets all of the following criterial is deemed a public utility: 1. (i) The person or entity regularly supplies, transmits and distributes to the public through a network a commodity or service of public consequence; 1. (ii) The public service is a natural monopoly that needs to be re...
No public service shall operate in the Philippines without possessing a valid and subsisting franchise, certificate, concession, or any other appropriate form of authorization for the operation of a public service, from Congress, and/or the proper administrative agency, as the case may be, to the effect that the operation of said service and the au...
The Administrative Agency shall prescribe as a condition for the issuance of the franchise, certificate, concession, or any other appropriate form of authorization for the operation of a public service, that the service can be acquired by the Republic of the Philippines or by any instrumentality thereof upon payment of the cost price of its capital...
No foreign national shall be allowed to own capital stock of any public service classified as a public utility prior to this Act, unless the country of such foreign national accords reciprocal rights to Philippine nationals as may be provided by foreign law, treaty or international agreement. Reciprocity may be satisfied by according rights of simi...
Unless otherwise provided by law or by any international agreement, a public service shall employ a foreign national only after the determination of non-availability of a Philippine national who is competent, able and willing to perform the services for which the foreign national is desired. In no case shall the employed foreign nationals comprise ...
In the interest of national security, the President may suspend or prohibit any proposed merger or acquisition transaction, or any investment in a public service that effectively results in the grant of control, whether direct or indirect, to a foreigner or a foreign corporation. The NEDA shall promulgate rules and regulations to implement this rul...
People also ask
Will changes to the Philippine Public Service Act make a difference?
What does the Public Service Act mean for public services?
Should the Public Service Act be amended?
What is the Public Service Act (Commonwealth Act No 46)?
On 2 March 2022, President Rodrigo Duterte signed into law the amendments to the 85-year old Public Service Act (“ PSA ”). The amended PSA constitutes the third installment of the investment reform measures [1] that local and foreign business groups have been urging lawmakers to enact to accelerate the country’s economic recovery. [2]
Jun 15, 2022 · By Chad de Guzman / Manila. June 15, 2022 6:07 AM EDT. M ass shootings are a result of a confluence of factors, but at the heart of the problem are guns—of which the Philippines has plenty....
Republic Act (RA) No. 11659 or "An Act Amending Commonwealth Act No. 146 otherwise known as the Public Service Act” as amended was signed by the President on 21 March 2022. This measure allows up to 100% foreign ownership of public services in the country. Access the PDF of RA No. 11659 at the Official Gazette of the Presidential ...
Firearm Safety. The three basic general rules of safe gun handling. Never load a firearm until you are ready to shoot. Always point the gun muzzle in a safe direction; never point a firearm at anyone or anything you don't want to shoot. Keep your finger off the trigger and outside the trigger guard until you are ready to shoot.
Apr 5, 2022 · Philippines April 5 2022. Amendment to the Public Service Act. On 21 March 2022, the Philippines finally approved the long-awaited amendment to the 86 year old law, Commonwealth Act No. 146...
