The Supply Chain Management Association of the Philippines welcomes the signing of the amendments to the Public Service Act, which opens certain sectors, particularly transportation and telecommunications, to foreign ownership. As we stated previously, we believe the amended law will encourage innovation in these sectors, usher in foreign investments, and bring in global expertise and world-class best practices. It will foster competition and drive lower costs in the logistics and supply chain sectors, which play a critical role in resilient and responsive businesses. We believe the amended law poises us to take greater advantage of opportunities that are emerging in the global economy as we move past the worst of the pandemic.
SCMAP Perspective: 14 February 2022
SCMAP Perspective is our fortnightly column on PortCalls, tackling the latest developments in the supply chain industry, as well as updates from within SCMAP. On this column, we look at moves to reopen the Philippine economy and encourage new investments.
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SCMAP statement on ratification of amendments to Public Service Act
The Supply Chain Management Association of the Philippines welcomes the ratification of proposed amendments to the Public Service Act. We believe it will foster further competition, enable innovation, and drive lower costs in the logistics and supply chain sectors, which play a critical role in resilient and responsive businesses. We hope that the amendments would help in the recovery of our economy from the long-term impacts of the COVID-19 pandemic. We pray for its signing by the President at the soonest possible time.
SCMAP, other business groups call for passing of Public Service Act amendments
SCMAP joins other business groups in calling for the passing of amendments to the Public Service Act.
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