The Philippines Senate has passed the third and final reading of Senate Bill (SB) 2094, which amends the Public Service Act by enabling 100 percent foreign ownership of public services. SB 2094 makes a clear distinction between the definition of public services and public utilities since under the 1987 Constitution, only firms that are at least 60 percent owned by Filipinos are given the authorization, certificate, and franchise to operate as a public utility. SB 2094 narrows public utilities to just the following: Electricity distribution; Electricity transmission; Airports; Seaports; Water pipeline distribution and sewerage; Tollways and expressways; and Public Utility Vehicles. This
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