In areas such as telecommunications, electricity transmission, media and banking, the Philippines imposes tighter caps on foreign investment than its peers, according to the World Bank's "Investing Across Borders" survey.
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Huge problems await the next government: social unrest in the oil-producing areas of the Niger Delta, grinding poverty in the north, everywhere a collapse of long-neglected infrastructure, particularly in telecommunications and electricity.
They include raising more taxes and trimming waste in the state-run electricity and telecommunications sectors.
But many have shifted into merely collecting rents from property and related businesses (ports, hotels, retail) or from government concessions (electricity, telecommunications, gas, casino licences).
The Peruvian economy underwent considerable free market reforms since 1992, from legalizing parts of the informal sector to significant privatization in the mining, electricity and telecommunications industries.
The Gambia's national Y2K coordinator Baba Mustafa Marong said he was not aware of any Y2K problems in the sectors of telecommunications, water, electricity, air transport or banking.
Instead of over-funding and over-regulating critical infrastructure, liberalize networks like transportation, electricity, and telecommunications, and get spectrum out of the oversight of regulators so secondary markets can price, allocate and optimize it.
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In short order, the ensuing lack of electricity would cause a devastating ripple effect on our telecommunications, sanitation and water, transportation, food and health care sectors and the Internet.
The impending crunch for San Paolo ought to make the treasury think afresh, since the government wants to sell off the telecommunications group Stet, Banca Nazionale del Lavoro and Enel, an electricity company.
Already Jenkins has been doing some basic (by gas or electricity standards) arbitrage plays such as contracting for capacity at known chokepoints in the national telecommunications grid to take advantage of price spikes, as well as selling short in areas with a looming glut.
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