Uot The Eo Read Lista May Be Amended At Any Time To Reflect Changes Instituted In Specific Laws While Listb Will Only Made Least Once Every Two Years Enumerates Areas Where Foreign Ownership Is Limited By Mandate Of Constitution And Whilelistb For Reasons Security News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Contributed photo) MANILA - President Rodrigo Duterte 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 (RA) 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

Rodrigo duterteGaming corporationRepublic actForeign investments actRegular foreign investment negativeTwelfth regular foreign investment negative listEleventh regular foreign investment negative listPhilippine amusementOntributed photo manila president rodrigo duterte signed an executive order eo updatinga list of industries restricted from foreign investment and reserved for filipinos no 175Signed on mondayAs issued part of the requirements under republic act ra no 7042 or foreign investments 1991 which mandates formulation ofa regular investment negative list quot there isa need to formulate twelfthEplacing the eleventh regular foreign investment negative listO reflect changes to lista and list bUrsuant to existing lawsOnsistent with the policy to ease restrictions on foreign participation in certain investment areas or activitiesUot the eo read lista may be amended at any time to reflect changes instituted in specific laws while listb will only made least once every two years enumerates areas where foreign ownership is limited by mandate of constitution and whilelistb for reasons security