just putting this here about sa sinasabi niyong 60-40 rule
ARTICLE XII - NATIONAL ECONOMY AND PATRIMONY
Section 11 states that "No franchise, certificate, or any other form of authorization for the operation of a public utility shall be granted except to citizens of the Philippines or to corporations or associations organized under the laws of the Philippines, at least sixty per centum of whose capital is owned by such citizens; nor shall such franchise, certificate, or authorization be exclusive in character or for a longer period than fifty years. Neither shall any such franchise or right be granted except under the condition that it shall be subject to amendment, alteration, or repeal by the Congress when the common good so requires. The State shall encourage equity participation in public utilities by the general public. The participation of foreign investors in the governing body of any public utility enterprise shall be limited to their proportionate share in its capital, and all the executive and managing officers of such corporation or association must be citizens of the Philippines."
for general use to not only sa "wired" since wala naman talagang sinabi dyan
actually I forgot what year was that pero may planong ibukas ang pilipinas sa mga foreign investor para umunlad ang economy pero may mga problems rin kasi pag 100% binuksan ng government ang bansa natin as marami ang maapektuhan nito, not only the local markets but also the resources that we have here(like agricutural resources) since most of the agricultural lands will be converted to buildings and many other entities kaya di pa nila sigurado kung magiging maayos ba to o hindi despite the risk