TWO recently enacted laws have been met with excitement by the business community. First is Republic Act 11659, which amends the nearly century-old Public Service Act that was passed during the Commonwealth era. The amendments allow foreign investors to operate in the Philippine public services sector.

Next is Republic Act 11697 or the 'Electric Vehicle Industry Development Act of 2022,' which lapsed into law last April 15. This will ensure energy security and independence by reducing the country's reliance on imported fuel for the transportation sector while promoting innovation in clean and sustainable energy to accelerate social progress and human development.