“At the height of the pandemic, the President and Congress worked hand in hand to pass some game-changing legislation: the amendments to the Retail Trade Act, the Foreign Investment Act, and the Public Service Act,” Diokno said. Read more:
“At the height of the pandemic, the President and Congress worked hand in hand to pass some game-changing legislation: the amendments to the Retail Trade Act, the Foreign Investment Act, and the Public Service Act,” Diokno said.
Ricafort said these reform measures also boost confidence and sent a positive signal to international investors, creditors, credit rating agencies and multilateral agencies. The 2021 level represents a 54.2-percent increase from the $6.8 billion net inflow recorded in 2020. It also surpassed the $8 billion net inflow target for the year set by the BSP.Business and non-government groups welcomed the amendments to the 85-year-old Public Service Act.
GPCCI executive director Christopher Zimmer was among those who were invited by the President to witness the signing of Republic Act No. 11659.
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