Foreign investors interested in entering the Philippines' renewable energy sector will be required to secure 167 signatures before they commence operations. While this may seem like a daunting number to many, an industry stakeholder pointed out that this requirement has already been reduced from...
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
State economic managers have lauded Senate Minority Leader Franklin Drilon for his major contribution in the passage of three key economic reform laws that are seen to hasten the country’s recovery from the Covid-19 pandemic. In a letter signed by Finance Secretary Carlos G. Dominguez, Trade...
A Lacson administration will not allow outside investors to exploit Republic Act 11647, or the amended Foreign Investments Act (FIA) of 1991, at the expense of local business owners belonging to the micro, small and medium enterprises (MSME) sector. Presidential candidate Senator Panfilo ‘Ping’...
Former defense secretary and senatorial candidate Gilbert Teodoro on Wednesday called on the government to provide stable investment policies that would complement the passage of three key economic laws that are aimed to attract more foreign investors in the Philippines. Teodoro, a former Tarlac...
Senator Christopher “Bong” Go has commended President Duterte for signing Republic Act (RA) 11647 which introduces amendments to the Foreign Investments Act of 1991 that would further encourage and promote foreign direct investments in the Philippine economy. ‘’We thank President Duterte...
President Duterte has signed the measure that amends the country's Foreign Investments Act, thereby easing rules on foreign businesses in the Philippines. President Rodrigo Duterte (Malacañang file photo) A copy of Republic Act (RA) No. 11647 showed that the President signed the amendments on...
The Department of Finance (DOF) said the recently approved amendments to retail trade liberalization law along with other economic loosening initiatives will support the continued recovery of trade and economic activity in the country. Finance Undersecretary Gil S. Beltran said the nearly a quarter...
The Senate has ratified the bicameral conference committee report on the bill that seeks to promote foreign investments in the Philippines. Senator Imee Marcos, who chairs the Senate Committee on Economic Affairs, who presented the bicam report on the reconciled version of Senate Bill No. 1156 and...
Presidential aspirant Senator Ronald “Bato” Dela Rosa said he will pursue amendments to the Foreign Investment Act if he gets elected as president. In a televised interview, Dela Rosa said that part of economic programs would be to allow more foreign investors to invest in micro, small and...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
