First is amendments to the Retail Trade Liberalization Act, which will lower the minimum paid-up capital for foreign retailers. Second is the amendments to the 80-year-old Public Service Act, which will open up key economic sectors, including telecommunications and airlines.
Last but not the least is the amendments to the Foreign Investments Act, which will encourage foreign professionals to bring their practice, know-how, and technical expertise to the Philippines. With these game-changing reforms, we can achieve real change in the lives of ordinary Filipinos through more and better jobs and more competitive economy.