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Digitizing the PH For six years now, the Philippines has topped global rankings for both social media and internet usage. According to wearesocial, there were 89 million social media users in the Philippines in January 2021. This is equivalent to 80.7 percent of the total country’s population in Ja
BusinessWorld
May 19, 2021 | 9:18 pm
THE GOVERNMENT should scrap its 40% foreign ownership limit in certain industries to encourage more investments particularly from Taiwan, according to its ambassador in the Philippines.
âPlease try your best to abolish the 40% restriction for foreigners in the Philippine Constitution,â Taipei Economic and Cultural Office in the Philippines (TECO) Representative Michael Peiyung Hsu told an online forum on Wednesday.
âItâs very painful for many because weâve lost a lot of money,â he said at the forum hosted by the University of Asia and the Pacific School of Law and Governance and
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A Taiwanese science and technology university had considered opening a branch in Batangas province, but would not do so because of the limit, he added.