Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Duterte updates investment list for foreigners, Filipino nationals
Duterte updates investment list for foreigners, Filipino nationals
ABS-CBN News
Published Oct 31, 2018 11:58 AM PHT
President Rodrigo Duterte speaks at the Philippine Stock Exchange. Robinson Ninal, Malacanang Photo/File
MANILA -- President Rodrigo Duterte has updated the list of industries that are open to foreign investments and those that are limited to Filipino nationals, according to a copy of the issuance that was released by his office on Wednesday.
President Duterte promulgates the Eleventh Regular Foreign Investment Negative List pic.twitter.com/UB6s8Z5DPj
Under Executive Order 65, no foreign equity will be allowed in mass media, retail enterprises with paid up capital of less than $2.5 million, cooperatives, small-scale mining and firecracker manufacturing, among others.
Up to 25 percent foreign equity is allowed in private recruitment for local and overseas employment and contracts for defense related structures. Up to 30 percent is allowed in advertising.
ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
