The House Committee on Ways and Means Chairman on Wednesday reminded the Neda that “the deadline is over” for the release of the implementing rules and regulations of the key investment liberalization law. Know more:
THE House Committee on Ways and Means Chairman on Wednesday reminded the National Economic and Development Authority that “the deadline is over” for the release of the implementing rules and regulations of the key investment liberalization law.
“This delay is another self-inflicted wound. Our FDIs are taking a hit due to global conditions. But we can stave off the bleeding by opening up the sectors we already decided to open up by law,” he added. With the passage of RA 11659, the term “public utility” has been limited to public service that operates, manages, or controls for public use any of the following: Distribution of Electricity; Transmission of Electricity; Petroleum and petroleum products pipeline transmission systems; Water pipeline distribution systems and wastewater pipeline systems, including sewerage pipeline systems; Seaports; and Public utility vehicles.
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