Senate OKs bill eased the entry of foreign retail enterprises in PH

The Senate expedited the passage of three bills that would allow full foreign ownership of public services and fewer restrictions on foreign investments. In addition to lowering the minimum capital requirement for foreign-invested companies to establish a corporation by 60% from the current law, the amendment is also seen as a new definition for electronic commerce (EC) businesses. This is seen as a move to encourage new foreigners’ investment and recover from the blow of the COVID-19.

Inquiry / Info request
Online consultation / Free

Related page

Manila,
27°
Mostly Cloudy
5:56 am5:24 pm PST
Feels like: 31°C
Wind: 10km/h ENE
Humidity: 84%
Pressure: 1013.21mbar
UV index: 0
7 pm8 pm9 pm
27°C
27°C
28°C
ThuFriSat
33°C / 26°C
33°C / 26°C
31°C / 25°C

Philippines Calendar

December 2024
SMTWTFS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4

Philippine Holidays

Inquiry

PVC Info Desk
Return Top Inquiry / Info request Online consultation / Free