foreign-ownership | ABS-CBN News

DOE supports full foreign ownership for renewable energy projects

Job Manahan, ABS-CBN News
Updated as of Feb 03 09:33 PM

Philippines has already allowed 100 percent foreign ownership of renewable energy projects, making it possible for the country to attain its targets for the industry, DOE said. Read more »

Ex-chief justices Puno, Panganiban join DOE as advisors

Warren de Guzman, ABS-CBN News
Updated as of Aug 25 04:22 PM

Retired Chief Justices Reynato Puno and Artemio Panganiban were tapped by the Department of Energy as senior legal advisors for the Law and Energy Panel. Read more »

Rappler pinasasara dahil sa umano'y paglabag sa media foreign ownership

ABS-CBN News
Posted at Jun 29 07:37 PM

Pinagtibay ng SEC ang nauna nitong desisyon na bawiin ang certificate of incorporation at ipatigil lang operasyon ng Rappler. Read more »

Scholar eyes risk as PH eases foreign business ownership

Kyodo News
Posted at May 17 04:46 PM

President-elect Ferdinand Marcos Jr. is likely to continue Duterte's infrastructure program, foreign borrowing and a friendly approach to China. Read more »

More investments 'coming in' as foreign ownership rules ease: business group

Jessica Fenol, ABS-CBN News
Posted at Mar 31 03:11 PM

International business groups have a crucial role to play before more foreign investments pour in following the signing of the amended Public Service Act. Read more »

Amended PSA to 'revitalize' pandemic-hit economy: NEDA

ABS-CBN News
Posted at Mar 22 05:26 PM

NEDA Secretary Karl Chua said the amended Public Service Act and other recently-enacted measures would "revitalize" the pandemic-hit economy. Read more »

New foreign ownership rules seen to spur investment

ABS-CBN News
Posted at Mar 22 12:40 PM

An influx of foreign capital to the Philippines is expected after the signing of the amendments to the Public Service Act, a foreign chamber official said Tuesday. Read more »

Starlink eyeing PH entry as telco foreign ownership eases: EU chamber

ABS-CBN News
Posted at Mar 22 11:38 AM

Elon Musk and his firm Space X's satellite broadband technology Starlink is eyeing to bring its services to the Philippines, European Chamber of Commerce in the Philippines president Lars Wittig told ANC, a day after President Rodrigo Duterte signed the measure amending the Public Services Act. Read more »

Duterte signs law allowing full foreign ownership in telco, airlines, railways

ABS-CBN News
Posted at Mar 21 10:04 PM

Foreign companies are now allowed full ownership of telecommunications, railways and airlines in the Philippines. Read more »

Want PH to produce next BTS? Economists say possible if...

Warren de Guzman, ABS-CBN News
Posted at Dec 01 08:52 PM

If the Philippines wants to produce the next BTS, the country must allow foreigners to invest in and own mass media, two economists said on Wednesday. Read more »

Hontiveros warns of more Chinese incursions if foreigners allowed to own public utilities

ABS-CBN News
Posted at May 25 09:20 AM

Proposed amendments to the country's Public Service Act, which will allow 100 percent foreign ownership of public utilities, may pave way for China to own crucial infrastructure in the Philippines, a senator warned Tuesday. Read more »

PH full economic recovery may take 4-5 yrs: Biz leaders

Bruce Rodriguez, ABS-CBN News
Posted at Feb 03 09:03 PM

Some business leaders warned of a slowed growth for the Philippines, saying full recovery could take four to five years if the country will not relax foreign ownership and accelerate consumption. Read more »

British Chamber sees challenges for PH economy until first half of 2021

ABS-CBN News
Posted at Dec 15 01:37 PM

The British Chamber of Commerce Philippines (BCCP) plans ahead to attract foreign investors next year despite seeing continued challenges for the Philippine economy until the first half of next year, a chamber head said Tuesday. Read more »

KKR still bullish on Philippines, says ready to boost investment

Warren de Guzman, ABS-CBN News
Posted at Dec 02 07:37 PM

Global investment firm KKR said Wednesday it remains bullish on the Philippines and is ready to add to the $1 billion it has already invested in the country.  Read more »

PDRs allow foreigners to invest without violating PH laws, says Monsod

ABS-CBN News
Updated as of Jun 13 04:32 AM

“It’s not an innovation or creation of ABS-CBN. This is allowed in many countries and the purpose of this is to allow foreign investors to invest without violating any laws of the land," said Atty. Christian Monsod, one of the framers of the 1987 Constitution.  Read more »

ABS-CBN legal counsel cites ‘basic difference’ between ABS-CBN's PDRs, Rappler's

Art Fuentes, ABS-CBN News
Updated as of Jun 11 11:40 PM

Atty. Cynthia del Castillo said that in Rappler’s case, it had to get approval from two-thirds of the holders of PDRs before it could change the company’s bylaws. There is no such provision in ABS-CBN’s PDRs, she said. Read more »

ABS-CBN to House: PDR holders 'passive investors,' not shareholders

Jessica Fenol, ABS-CBN News
Updated as of Jun 11 06:48 PM

Philippine Deposit Receipt (PDRs) issued by ABS-CBN Holdings are purely financial instruments and its holders are "passive investors" who have no rights to own, manage or to vote directors in ABS-CBN Broadcasting Corp, the network's legal counsel said Thursday.    Read more »

SEC agrees, dual citizens are '100 percent Filipino'

Jessica Fenol, ABS-CBN News
Updated as of Jun 08 07:23 PM

The Securities and Exchange Commission said Monday, it shared the view of the Justice Department that dual citizens are also 100 percent Filipino, its commissioner said.  Read more »

Marcoleta authored bills granting franchises to GMA, other firms older than 50 years

Mike Navallo, ABS-CBN News
Updated as of Jun 04 10:06 AM

SAGIP Party-list Rep. Rodante Marcoleta authored bills bills granting franchises to companies with more than 50-year franchises and which offer PDRs, contrary to his position on the ABS-CBN franchise.  Read more »

Solons ask: Can dual citizens own mass media in PH?

Christian Esguerra, ABS-CBN News
Posted at Jun 03 11:58 AM

ABS-CBN chairman emeritus Eugenio “Gabby” Lopez III is a natural-born Filipino who can own and participate in the management of a mass media company, a number of congressmen said as hearings resumed Wednesday on the shuttered broadcast network’s application for a new operating franchise.  Read more »