DOF: Now is not the time to amend foreign ownership rules

Posted at Jan 31 2013 10:26 AM | Updated as of Jan 31 2013 06:29 PM

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Finance Secretary Cesar V. Purisima said it's not yet time to amend or remove the constitution's restrictions on foreign ownership on some industries.

But American economist Nouriel Roubini said foreign ownership liberalization would help attract more investments. ANC Business Nightly, January 30, 2013.