AmCham Philippines hailed the signing of the bill amending the 1936 Public Service Act (PSA) by President Rodrigo Duterte. The PSA amendments will match policies that Singapore, Thailand, and Vietnam already have in place. AmCham is confident that its signing, along with other recent investment liberalization bills – the Retail Trade Liberalization Act and the Foreign Investments Act – will significantly help the Philippines compete with its regional neighbors in bringing in investments to the Philippines. Philippines. It will also be extremely helpful to the long-run recovery of the economy after the pandemic.