Foreign equity restrictions on certain public service companies remain the same.
The IRR is consistent with the provisions of RA 11659 in considering the following services as ‘public utilities’ and subject to the 40% foreign ownership limitation under the Constitution: (a) distribution and transmission of electricity; (b) petroleum and petroleum products’ pipeline transmission systems; (c) water pipeline distribution systems; (d) wastewater and sewerage pipeline systems; (e) seaports; and (f) public utility vehicles.
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