In the last couple of weeks, US President Joe Biden released two Executive Orders (EO) pertaining to national security risks presented by China. The list originally included 31 firms that had links to China’s military and undermined US national security. Under the Philippine constitution, foreign ownership in public utilities is limited to a minority stake by the 60/40 foreign ownership rule. At the same time, however, it also raises serious national security concerns. There is no reason why the Philippine government should not treat potential national security risks from China with the same level of caution.

Source: Philippine Star June 12, 2021 08:14 UTC