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(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 Duterte , Gaming Corporation , Republic Act , Foreign Investments Act , Regular Foreign Investment Negative , Twelfth Regular Foreign Investment Negative List , Eleventh Regular Foreign Investment Negative List , Philippine Amusement , Ontributed Photo Manila President Rodrigo Duterte Signed An Executive Order Eo Updatinga List Of Industries Restricted From Foreign Investment And Reserved For Filipinos No 175 , Signed On Monday , As 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 Twelfth , Eplacing The Eleventh Regular Foreign Investment Negative List , O Reflect Changes To Lista And List B , Ursuant To Existing Laws , Onsistent With The Policy To Ease Restrictions On Foreign Participation In Certain Investment Areas Or Activities , 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 , Isk To Health And Morals Protection Of Small Medium Scale Enterprises Areas Activities Where No Foreign Equity Is Allowed Under Lista Are Mass Media Except Recording Internet Business Practice Professions In Cases Specifically By The Law Retail Trade With Paid Up Capital Less Than Php25 Million Cooperatives Investments Former Natural Born Citizens Philippines Organization Operation Private Detective , Atchmen Or Security Guards Agencies Small Scale Mining Utilization Of Marine Resources In Archipelagic Waters , Erritorial Sea And Exclusive Economic Zone , S Well As Small Scale Utilization Of Natural Resources In Rivers , Nd Lagoons Ownership , Nd Management Of Cockpits Manufacture , Tockpiling And Or Distribution Of Nuclear Weapons Manufacture , Nd Or Distribution Of Biological , Nd Radiological Weapons , Nd Anti Personnel Mines And Manufacture Or Firecrackers Other Pyrotechnic Devices Up To 25 Percent Foreign Equity Will Be Allowed In Private Recruitment ,