Wednesday, October 21, 2020

Amending Public Service Act To Boost PH Competitiveness

Amending Public Service Act To Boost PH Competitiveness


Boost Your Digital Reach At WOCEE WIRED

Learn how to stand out from the crowd on the upcoming WOCEE WIRED!

Transport Coop. Provides More Than 25k Free ‘Green Cards’ For Cashless Transactions

A transport cooperative operating in Las Piñas provides 25,735 passengers with the means to safely board and ride their solar electric jeepneys along the route of Alabang to Zapote.

The Importance Of Deepening Ties And Friendship On Online English Education

51Talk hosts the 2020 Sino-Philippines Educational Exchanges in celebration of the 45th anniversary of the founding of bilateral relations between the Philippines and China.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

A party-list legislator said the speedy passage of the proposed measure, which seeks to amend the 83-year-old Public Service Act (PSA), will improve the country’s competitiveness ranking, as well as the lives of Filipinos.

AAMBIS-OWA Party-list Rep. Sharon Garin said Philippine competitiveness, as well as its economic growth and development, is hampered because the Constitution limits the operation of public utilities to Filipino-owned corporations, with the same limitations being applied to all public services.

“By eliminating the ambiguity of the law, more economic opportunities will be provided to the Filipino people. The passage of House Bill 78 will allow new players to invest in the Philippines, therefore ushering competitive industries and reducing prices for Filipino consumers,” the chairperson of the House Committee on Economic Affairs said.

HB 78 aims to amend the Public Service Act of 1936 by providing a clear distinction between public service and public utility.

Under the bill, public utilities will only cover the distribution of electricity; transmission of electricity; water pipeline distribution system; and sewerage pipeline system.

The proposed measure also prescribes a mechanism for rate fixing that allows a reasonable rate of return to attract investments into public utilities; updates the applicable penalties and fees for public services; and strengthens the enforcement remedies of administrative agencies

Garin said even the Philippine Development Plan of the National Economic and Development Authority (NEDA) cited the importance of amending the PSA as “crucial to expanding economic opportunities and increasing the competitiveness of the Philippines.”

“The bill espouses the goal of providing a strongly-rooted, comfortable, and secure life for all Filipinos stated in NEDA’s AmBisyon 2040,” she said.

Garin’s statements came following a report by The World Economic Forum which showed the Philippines dropping eight notches to 64th out of 141 economies in its recently published 2019 Global Competitiveness Report.

According to the same report, the country also slid to sixth in the Southeast Asian rankings, down from its fifth placing last year.

“Something can be done to improve our standing, and that is through the passage of HB 78,” Garin said.

Meanwhile, the bill’s main sponsor assured that safeguards are well in place under the proposed amendments, allaying fears posed by the expected influx of foreign investors.

“We only want foreign investments to supplement Filipino capital. Kasi, kailangan rin ng tulong ng Pilipino para makapagtayo tayo ng malalaking industriya, malalaking negosyo (Filipinos also need help in establishing large industries and businesses) so we can improve the basic services for the Filipinos,” Garin said.

“I do not believe that this will be a threat to our patrimony. I think this will improve the lives of all Filipinos,” she said.

Her views were shared by Albay Rep. Joey Salceda, who earlier said competition and foreign investment are inhibited because limitations that should only apply to public utilities are usually also applied to all public services.

The chairperson of the House Ways and means Committee and one of the principal authors of HB 78 said the key to fixing this problem is to develop a clear statutory definition of a public utility.

“This legislative reform will significantly contribute to increasing competition, as well as protecting the public interest. More competition among providers would result in lower prices and improved quality of basic services in the Philippines, thus creating a more competitive economy towards a better quality of life for all,” Salceda said. (PNA)

Photo Credit:

Latest News

Roque: Financing Initial COVID-19 Vaccine Supply ‘Not A Problem’

"Whether or not it’s in the budget, we have a financing scheme already in place. Kung mayroon na po tayong mabibili ngayon, makakabili na tayo ngayon kasi hindi naman po problema ang financing."

Churchgoers Thankful As Manila Raises Seating Capacity To 30%

Churchgoers from different religions express gratitude after seating capacity inside churches, mosques, and chapels in the city of Manila was raised to 30 percent from the previous 10 percent.

Mayor Abby: Makati To Implement Teaching Fellowship Program

The Makati government is set to implement a teaching fellowship program in the city's three public elementary schools for two years.

Galvez Cites LGUs’ Efforts In Managing Pandemic

"Ang maganda po sa ating mga LGUs po ngayon ay talagang 'pagka kailangan nila ng tulong ay talaga pong tumatawag po sila... They are working hard para at least ma-manage po ang ating — ang ating ano po ang ating tinatawag nating ‘yung mga kaso."

VP Leni Visits the OVP Community Learning Hub in Barangay Pinagbuhatan, Pasig City

Pasig City Mayor Vico Sotto accompanies Vice President Leni Robredo as they meet the volunteer tutors for the hub, as well as one of the parents and her children who have signed up for this assistance.

Mayor Isko Implements Shorter Curfew Hours

Manila City moves the curfew hours from midnight to 4 a.m.

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

Here's how the Philhealth issue affects Filipinos during the pandemic:

BSWM Seeks Fund To Boost Rainwater Harvesting For Farmers

The Bureau of Soils and Water Management of the Department of Agriculture is awaiting the release of fresh funds for more rainwater harvesting-related projects nationwide this year.

Ricky Lee Reveals Storytelling Secrets And Journey In iWant TFC’s ‘Trip To Quiapo’

Calling aspiring filmmakers! Enhance your storytelling skills with the "Trip To Quiapo" docuseries, exclusively on iWant.

Use Of Skyway 3 Free For A Month In Time For Holidays

Skyway 3 is slated to open this December! As a way to celebrate the holidays, the San Miguel Corporation is committed to let motorists use the entire 18-kilometer expressway from Buendia to NLEX for free.