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Oct 23, 2024 · These new amendatory laws are expected to have a significant impact on the Philippine economy, as they were passed to make it easier for foreign investors to set up and operate businesses in the Philippines, hopefully leading to increased investment, innovation, job creation, and economic growth.
Jul 6, 2023 · Four amendatory laws are taking effect and – on the face of it – placing mouth-watering opportunities within reach of foreign investors: The Public Service Act (PSA) Amendatory Law; The Foreign Investments Act (FIA) Amendatory Law;
Mar 22, 2022 · MANILA, Philippines — A newly-signed law which allows full foreign ownership in key industries such as telecommunications, airlines and railways will do more harm than good, according to a...
Mar 29, 2022 · The amended FIA forms part of three investment reform measures [1] that local and foreign business groups have been urging lawmakers to enact to attract the foreign capital needed to accelerate the country’s economic recovery from the adverse effects of the pandemic. [2] .
In light of the legislative and regulatory changes made throughout 2020 and in the face of the difficulties posed by the pandemic, the Philippine authorities are working to ensure that the country will be able to withstand the challenges posed by the new normal.
On 02 March 2022, President Rodrigo Duterte signed into law Republic Act (RA) No. 11647 amending the Foreign Investments Act. A brief description of the amendments is as follows: (1) Foreign Investments: (a) in Domestic and Export Enterprises
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Dec 11, 2023 · Philippine lawmakers are considering efforts to amend the country's constitution to ease restrictive provisions on economic ownership, a top congressional leader said on Monday.
