MANILA -- Philippine President Rodrigo Duterte has signed a law allowing foreigners to fully own businesses in key sectors like telecommunications and airlines, the latest in the country's efforts to open up its economy.
Economy
Philippines allows foreigners to own telcos, airlines and railways
Duterte signs law easing investment rules months before stepping down
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Philippine President Rodrigo Duterte has signed amendments to the Public Service Act, which lift the 40% foreign ownership limit in industries such as telecommunications, airlines, domestic shipping, railways and railways. © Reuters
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