Tag page - retail trade

The Senate has ratified the bicameral conference committee report on the bill that would open up the Philippines to more foreign investors. Senate of the Philippines plenary hall (Senate PRIB) Senators on Monday, September 20, approved the bicam report which reconciled the disagreeing provisions of...

EDITORS DESK BERNIE CAHILES-MAGKILAT The remaining strands of protection for domestic enterprises from majority foreign control will be lifted once the three pending economic bills are passed into law. In his last state of the nation address, President Duterte made a last ditch appeal to Congress...

Voting 20-0-0, the Senate approved on third and final reading a bill that would open up the Philippines' retail sector to foreign enterprises. Senate of the Philippines (Senate PRIB) Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization...

Senator Risa Hontiveros has warned lawmakers that eliminating all restrictions to foreign ownership of the country’s domestic retail trade would not be a wise option, especially amid an economic crisis due to the coronavirus (COVID-19) pandemic. Hontiveros said Senate Bill No. 1840 or the...