Philippines Allows Foreign Ownership Of Telcos, Airlines
The Philippines on Monday eased restrictions to allow foreign ownership of airline, telecommunications and shipping operators, as it seeks to boost jobs and spur activity in the virus-hit economy.The archipelago nation has long struggled to attract foreign money, as red-tape, corruption and political uncertainty scared off investors who instead pumped billions of dollars into neighbouring nations.The amendments to the 85-year-old Public Service Act are the latest effort to woo foreign investm