March 20, 2023
The National Economic Development Authority has released the Implementing Rules and Regulations (IRR) of Republic Act No. 11659 or the Amendments to the Public Service Act (PSA) following extensive review and consultations with the public, legislators, relevant administrative agencies, and other key stakeholders said the agency in a official statement.
“The implementation of policies on competition and regulatory efficiency necessitates comprehensive and transparent consultations with key stakeholders and legislators to ensure that these remain faithful to public interest,” NEDA Secretary Arsenio M. Balisacan said.
“All 21 agencies, including NEDA, approved the Implementing Rules and Regulations of the amended Public Service Act. With the IRR already in place, we see this as a landmark reform that will further improve the country’s position as an ideal investment hub, which will help enhance employment opportunities and allow more Filipinos to benefit from more improved goods and services,” he added.
You may view the guidelines via: https://neda.gov.ph/irr-ra11659-psa/.
You may view the official statement via: https://neda.gov.ph/neda-releases-public-service-act-irr/?fbclid=IwAR0iproDxZ6fdkNQQ96a0a9QDfXKne0qXn87Huly3Rp0l9Lqu-37lZeXu0o.