Live Breaking News & Updates on Ile Photo Manila Many International Companies Are Keen On Investing In The Philippines After Passage Of Game Changing Reforms Under Foreign Investments Act And Public Service

(File photo) MANILA - Many international companies are keen on investing in the Philippines after the passage of game-changing reforms under the Foreign Investments Act and Public Service Act, a House leader said on Monday. House Committee on Economic Affairs chair Sharon Garin said the country is now attracting the "good" kind of attention from investors who were previously hesitant to invest in the country because of restrictive old laws. "Finally, after a century of restrictions, we now have relevant laws to help which encourages long-term investments in underutilized public sectors such telecommunications, shipping, air carriers, railways, and subways," Garin said. Garin particularly noted that Elon Musk's satellite-based internet service Starlink would soon operate in the Philippines. "We have heard from Elon Musk's Starlink, which will hopefully make internet better and more accessible all over the country. Their low-orbit satellite technology can ....

Alain Gaschen , Steven Robinson , Elon Musk , Sharon Garin , House Committee On Economic Affairs , Public Service , European Chamber , Foreign Investments Act , Public Service Act , Economic Affairs , Swiss Ambassador , Philippines Alain Gaschen , Australian Ambassador , Philippines Steven Robinson , Ile Photo Manila Many International Companies Are Keen On Investing In The Philippines After Passage Of Game Changing Reforms Under Foreign Investments Act And Public Service , A House Leader Said On Monday Committee Economic Affairs Chair Sharon Garin The Country Is Now Attracting Quot Good Kind Of Attention From Investors Who Were Previously Hesitant To Invest In Because Restrictive Old Laws Finally , Ftera Century Of Restrictions , E Now Have Relevant Laws To Help Which Encourages Long Term Investments In Underutilized Public Sectors Such Telecommunications , Air Carriers , Nd Subways , Uot Garin Said Particularly Noted That Elon Musk 39s Satellite Based Internet Service Starlink Would Soon Operate In The Philippines Quot We Have Heard From , Hich Will Hopefully Make Internet Better And More Accessible All Over The Country Their Low Orbit Satellite Technology Can Bring Access To Remote Areas Which Are Previously Underserved Or Unserved By Traditional Connectivity , Uot She Said Cited Swiss Ambassador To The Philippines Alain Gaschen As Saying That There Are Companies Planning Set Up Operations In Country Also Australian Steven Robinson , S Well As The European Chamber Of Commerce In Philippines Officials , Ave Noted That The Liberalization Of Some Business Would Usher In More Foreign Funds And Spur Economic Growth Quoti Can Go On , Ut The List Of Excited Potential Investors Is Long What Clear To Me That By Making Our Economic Policies Relevant ,