Monday, August 15, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Duterte updates EO on Negative Investment list

Manila StandardbyManila Standard
June 29, 2022, 12:20 am
in News, Top Stories
Reading Time: 3 mins read
A A
132
SHARES
Share on FacebookShare on TwitterShare on Email

President Rodrigo Duterte has signed an executive order (EO) updating a list of industries restricted from foreign investment and reserved for Filipinos.

EO No. 175, signed on Monday, was issued as part of the requirements under Republic Act No. 7042 or the Foreign Investments Act of 1991, which mandates the formulation of a Regular Foreign Investment Negative List.

“There is a need to formulate the Twelfth Regular Foreign Investment Negative List, replacing the Eleventh Regular Foreign Investment Negative List, to reflect changes to List A and List B, pursuant to existing laws, consistent with the policy to ease restrictions on foreign participation in certain investment areas or activities,” the EO read.

List A may be amended at any time to reflect changes instituted in specific laws while List B will only be made at least once every two years.

List A enumerates areas where foreign ownership is limited by mandate of the Constitution and specific laws, while List B enumerates areas where foreign ownership is limited for reasons of security, defense, risk to health and morals. and protection of small and medium-scale enterprises.

ADVERTISEMENT

Areas and activities where no foreign equity is allowed under List A are mass media except recording and internet business; practice of professions except in cases specifically allowed by the law; retail trade enterprises with paid-up capital of less than P25 million; Cooperatives except investments of former natural-born citizens of the Philippines; organization and operation of private detective, watchmen or security guards agencies; small-scale mining; Utilization of marine resources in archipelagic waters, territorial sea and exclusive economic zone, as well as small-scale utilization of natural resources in rivers, lakes, bays, and lagoons; ownership, operation, and management of cockpits;
Manufacture, repair, stockpiling and/or distribution of nuclear weapons; manufacture, repair, stockpiling, and/or distribution of biological, chemical, and radiological weapons, and anti-personnel mines; and manufacture or firecrackers and other pyrotechnic devices.

Up to 25 percent foreign equity will be allowed in private recruitment, whether local or overseas employment, and contracts for the construction of defense-related structures.

Advertising is one area where the allowed foreign equity is only up to 30 percent; while areas where the allowed foreign equity is only up to 40 percent procurement of infrastructure are in exploration, development and utilization of natural resources; Ownership of private lands, except a natural-born citizen who has lost his Philippine citizenship and who has the legal capacity to enter into a contract under Philippine laws; Operation of public utilities; educational institutions other than those established by religious groups and mission boards, for foreign diplomatic personnel and their dependents and other foreign temporary residents, or for short-term high-level skills development that do not form part of the formal education system; Culture, production, milling, processing, trading except retailing of rice and corn and acquiring, by barter, purchase or otherwise, rice and corn and the by-products thereof; Contracts for the supply of materials, goods and commodities to government-owned or controlled corporations, company, agency or municipal corporation; Operation of deep-sea commercial fishing vessels; ownership of condominium units and private radio telecommunication network.

Under List B, up to 40 percent foreign equity will be allowed in areas and activities involved in the manufacture, repair, storage or distribution of products or ingredients requiring police clearance – firearms, gunpowder, dynamite, blasting supplies, ingredients used in making explosives, and telescopic sights, sniper scope and other similar devices; Manufacture and distribution of dangerous drugs; sauna and steam bathhouses, massage clinics, and other similar activities, except wellness centers; all forms of gambling except those covered by investment agreements with the state-run Philippine Amusement and Gaming Corporation; Micro and small domestic market enterprises with paid equity capital of less than the equivalent of USD200,000; and Micro and small domestic market enterprises that involve advance technology or are endorsed as startup or startup enablers by state agencies or those whose majority of direct employees are Filipinos, provided that their Filipino employees should not be less than 15, and with a paid equity capital of less than the equivalent of USD100,000.

Tags: Executive OrderNegative InvestmentRodrigo Duterte
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

BTA unites ex-Moro rebels

byVince Lopez
August 15, 2022, 1:00 am
0
162
Sino gaming tycoon held for illegal ops

Palace sees it as sign MILF, MNLF members heed BBM unity call The composition of the new 80-member Bangsamoro Transition...

Read more

Positivity rate in NCR declines, seen as COVID-19 has hit peak

byWillie Casas
August 15, 2022, 12:55 am
0
157
Sino gaming tycoon held for illegal ops

The COVID-19 positivity rate of Metro Manila dropped to 16.4 percent on Aug. 12, the first time it has done...

Read more

BBM eyes sugar import of 150,000 MT by Oct.

byRio N. Arajaand1 others
August 15, 2022, 12:50 am
0
187
Sy siblings, Villar, Razon top 2022 Forbes rich list

President Ferdinand Marcos Jr. said there may be a need to import sugar come October, but it will only be...

Read more

DOTr, Chinese embassy agree to restart talks on rail projects

byManila Standard
August 15, 2022, 12:45 am
0
157
Sino gaming tycoon held for illegal ops

The Department of Transportation (DOTr) said Sunday it had agreed with the Chinese Embassy in Manila to restart negotiations for...

Read more

PH population: More seniors as few babies born

byManila Standard
August 15, 2022, 12:40 am
0
172
WHO worried over 2.5 million Filipino seniors yet to receive jab

Filipinos are having fewer babies while the number of senior citizens has doubled in the last 20 years to account...

Read more

Author JK Rowling gets online threat

byAFP
August 15, 2022, 12:35 am
0
148
Sino gaming tycoon held for illegal ops

Scottish police said on Sunday they were investigating an apparent "online threat" made to Harry Potter author JK Rowling in...

Read more

Stories you may like

  • People …are talking about Liza Soberano

    Supermodel son is Philippine bet in Manhunt International

    9891 shares
    Share 3956 Tweet 2473
  • Another oil price rollback likely as world economy further stalls

    1343 shares
    Share 537 Tweet 336
  • Judgments and their execution

    1271 shares
    Share 508 Tweet 318
  • Basilan solon wants barangay, SK polls reset to May 2024 to save P8b for gov’t

    980 shares
    Share 392 Tweet 245
  • Appeal to BBM and Acuzar

    947 shares
    Share 379 Tweet 237

Print Edition

View More

Recent Posts

  • SII PROPERTIES & DEVELOPMENT CORPORATION
  • SALCON PHILIPPINES INC.: Notice of Meeting
  • BTA unites ex-Moro rebels
  • Positivity rate in NCR declines, seen as COVID-19 has hit peak
  • BBM eyes sugar import of 150,000 MT by Oct.
  • DOTr, Chinese embassy agree to restart talks on rail projects
  • Dangerous waters
  • PH population: More seniors as few babies born

Advertisement

Latest News

DOTr, Chinese embassy agree to restart talks on rail projects

byManila Standard
August 15, 2022, 12:45 am
0
157
Sino gaming tycoon held for illegal ops

The Department of Transportation (DOTr) said Sunday it had agreed with the Chinese Embassy in Manila to restart negotiations for...

Read more

Dangerous waters

byDanny Pata
August 15, 2022, 12:43 am
0
134
Sino gaming tycoon held for illegal ops

A young boy assists a toddler in wading at the shoreline of Manila Bay near the Dolomite beach on Roxas...

Read more

PH population: More seniors as few babies born

byManila Standard
August 15, 2022, 12:40 am
0
172
WHO worried over 2.5 million Filipino seniors yet to receive jab

Filipinos are having fewer babies while the number of senior citizens has doubled in the last 20 years to account...

Read more

Author JK Rowling gets online threat

byAFP
August 15, 2022, 12:35 am
0
148
Sino gaming tycoon held for illegal ops

Scottish police said on Sunday they were investigating an apparent "online threat" made to Harry Potter author JK Rowling in...

Read more

OWWA to bring back ‘Hatid Saya’ for OFWs

byManila Standard
August 15, 2022, 12:30 am
0
154
Sino gaming tycoon held for illegal ops

The Overseas Workers Welfare Administration (OWWA) said Sunday it would revive the "Hatid Saya" entertainment program for Filipinos working abroad....

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App