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Philippines: Duterte signs law allowing full foreign ownership of key sectors like telcos

MANILA, Philippines — President Rodrigo Duterte on Monday signed into law the Public Service Act, which would ease restrictions on foreign investments in key industries. The law amended the 85-year-old Commonwealth Act 146, known as the Public Service Act. The changes would open industries that foreigners were once limited to own or invest in — such as telecommunications, airlines, and railways […]

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Cambodia: Garment sector development strategy launched

The Ministry of Economy and Finance has officially launched the “Cambodia Garment, Footwear and Travel Goods [GTF] Sector Development Strategy 2022-2027”, with which it hopes to set common development goals, establish independence and develop the sustainability and inclusiveness of the sector. At the meeting introducing and formally implementing the strategy, finance ministry secretary of state […]

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Philippine labor market participation drops in January

MANILA, Philippines — A local research group has expressed concern over the drop in labor force participation in January, made worse by fuel price hikes and the measly assistance given by the government. Citing data from the Philippine Statistics Authority (PSA), IBON Foundation said the number of labor force participants fell by 3.6 million to 45.9 […]

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