Foreign Equity and Professionals News
Joint Foreign Chambers pushes easing of restrictions...
14 November, 2018 at 10:50
Foreign business groups are pushing for a further easing of restrictions for foreign investors through amendments to the Constitution, and release of the Foreign Investment Negative List (FINL) every three years instead of two, to allow the country to attract more foreign direct investments (FDIs).
Higher fuel, power costs seen hindering foreign...
12 November, 2018 at 15:47
Rising prices of power and fuel are becoming major roadblocks to increasing foreign investment in the country, an economist from the Asian Institute of Management (AIM) said.
RFINL seen to further boost manufacturing sector–Neda
12 November, 2018 at 10:41
The implementation of the recently approved 11th Regular Foreign Investment Negative List (RFINL) will further boost the performance of the manufacturing sector, according to the National Economic and Development Authority (Neda).
More laws needed to ease investment restrictions...
8 November, 2018 at 15:43
Further easing restrictions on foreign investments after the recent signing of the 11th Foreign Investment Negative List (FINL) would fall largely on Congress through the amendments of laws that cap foreign equity in viable industries, the National Economic and Development Authority (NEDA) said.
BCDA postpones Clark airport O&M bidding
8 November, 2018 at 10:54
State-owned Bases Conversion and Development Authority (BCDA) has postponed the opening of bids for the Clark International Airport operations and maintenance (O&M) contract scheduled yesterday.
Philippines ranking falls in Ease of Doing...
7 November, 2018 at 11:33
The Philippines ranked lower in the World Bank’s Ease of Doing Business Report 2019, placing 124th out of 190 countries from 113th previously, largely due to higher business registration costs and increased time for imports inspection.
[OPINION] Red tape pa rin!
6 November, 2018 at 14:56
Last week, former Comelec commissioner Goyo Larrazabal posted this tweet: “A friend renewing his passport in Malaysia: Around 8:00 a.m. – Arrived at the immigration office and got a queue number.
PHL to pursue amendments to open economy
6 November, 2018 at 10:23
The government will immediately pursue amendments to current laws to further open them up to foreign participation after “marginal improvements” were realized in the latest Foreign Investment Negative List (FINL).
DTI-DOF JOINT STATEMENT ON THE 2019 WORLD...
5 November, 2018 at 17:30
The Department of Finance (DOF) and the Department of Trade and Industry (DTI) unequivocally express their strong objections to the 2019 World Bank Doing Business (DB) report, which shows a drop in the Philippines’ ranking by 11 notches from 113 (2018) to 124 (2019).
Philippines slips in Doing Business rank
5 November, 2018 at 15:30
The Philippines managed to improve its score in the World Bank’s annual report that tracks economies’ competitiveness in ease of doing business, but its rank slipped as reforms to streamline transactions…
11th Foreign Investment Negative List bares ‘modest’...
5 November, 2018 at 13:30
Malacañang on Wednesday finally issued the government’s closely watched list of sectors in which foreign participation is regulated, showing sectors where restrictions have eased including teaching in “higher education levels.”
[EDITORIAL] Still restrictive
5 November, 2018 at 12:30
There was palpable disappointment among foreign investors’ groups when Malacañang finally released last week the 11th Foreign Investment Negative List (FINL), which specifies sectors where foreigners are not allowed to invest in or are limited to a maximum of 40 percent.
Duterte’s first foreign investment negative list out
31 October, 2018 at 15:00
Malacañang on Wednesday released the updated list of investment areas and activities that are closed or limited to foreign investors…
