Philippines allows foreign ownership of telcos, airlines

  MANILA, Philippines (AFP) — The Philippines on Monday eased restrictions to allow foreign ownership of airline, telecommunications and shipping operators, as it seeks to boost jobs and spur activity in the virus-hit economy. The archipelago nation has long struggled to attract foreign money, as red-tape, corruption and political uncertainty scared off investors who instead pumped billions of dollars into neighbouring nations. The amendments to the 85-year-old Public Service Act are the latest effort to […]