Philippines president says to open up airwaves, energy and power sectors | Reuters

MANILA Philippine President Rodrigo Duterte on Wednesday said he would open numerous economic sectors to foreign investors and move against protectionism.Speaking in New Zealand after a Asia-Pacific summit in Peru, Duterte said he had decided it was time to speed up the 'entry of new players' into energy, power and information and communications technology sectors, as well as freeing up the airwaves.Investors in the Philippines, one of the world's fastest- growing economies, have complained often of regulations that can restrict foreign investment in various areas, among them telecoms and utilities.

Reuters November 23, 2016 22:17:17 IST
Philippines president says to open up airwaves, energy and power sectors
| Reuters

Philippines president says to open up airwaves energy and power sectors
 Reuters

MANILA Philippine President Rodrigo Duterte on Wednesday said he would open numerous economic sectors to foreign investors and move against protectionism.Speaking in New Zealand after a Asia-Pacific summit in Peru, Duterte said he had decided it was time to speed up the "entry of new players" into energy, power and information and communications technology sectors, as well as freeing up the airwaves.Investors in the Philippines, one of the world's fastest- growing economies, have complained often of regulations that can restrict foreign investment in various areas, among them telecoms and utilities.

He said he had also received assurances from his Chinese counterpart that the implementation of a recent slew of investment deals would be speeded up.

(Reporting by Martin Petty, editing by Larry King)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

also read

'In touch with all concerned', says MEA on reports of kidnapping of Afghanistan-origin Indian in Kabul
India

'In touch with all concerned', says MEA on reports of kidnapping of Afghanistan-origin Indian in Kabul

According to reports, Bansri Lal Arendeh was kidnapped at gunpoint on Tuesday in the Afghan capital city.

ISL: Jamshedpur FC sign Scottish midfielder Greg Stewart for upcoming season
Sports

ISL: Jamshedpur FC sign Scottish midfielder Greg Stewart for upcoming season

Stewart is freshly arriving from a Rangers squad that finished 2020-21 season unbeaten on its way to the Scottish top division title.

ISL 2021-22 season to have 9:30 pm kickoffs for weekend double header
Sports

ISL 2021-22 season to have 9:30 pm kickoffs for weekend double header

While the regular weekday fixture will be a 7:30 pm start, the double headers on weekends, which until last season were a 5:30 pm feature, will now move to 9:30 pm start.