MANILA, March 21 -- Senator Grace Poe on Tuesday said the release of the implementing rules and regulations (IRR) of Republic Act (RA) 11659 or the Public Service Act (PSA) is expected to shore up investments that will create more jobs and foster market competition in the country.

As she welcomed PSA's IRR approval, Poe said that with the legal framework in place, an environment for better telecommunications, transportation and other basic services for Filipinos will follow.

"The PSA amendments was prioritized last Congress in order to set a favorable climate as soon as economies open up. We wanted to be the first to welcome foreign capital after the pandemic," she said in a statement.

To take effect on April 4, the PSA is expected to ...