Konektadong Pinoy rules out

The government has released the implementing rules and regulations (IRR) of the Konektadong Pinoy Act, opening the doors for up to $1.5 billion in fresh investments from new players.

- By ELIJAH FELICE ROSALES

Information Secretary Henry Aguda yesterday confirmed he has already signed the IRR for the Konektadong Pinoy Act ahead of the 90-day deadline for issuance.

Aguda said the IRR still awaits the signature of other agencies involved in its implementation before it is published in a newspaper of general circulation.

He added that seven data transmission industry participants (DTIPs) are waiting for the IRR to take effect. Once the IRR is active 15 days from publication, Aguda will kick off formal talks with these DTIPs for their potential entry into the Philippines.