Philippines opens shipping to foreign ownership
Sam Chambers March 22, 2022 https://splash247.com/philippines-opens-shipping-to-foreign-ownership/
Shipping, telecommunications, airlines, expressways and railways in the Philippines will now be open to full foreign ownership after president Rodrigo Duterte on Monday signed a new law law amending the 85-year-old Public Service Act (PSA), which had hitherto capped these sectors to a 40% foreign ownership.