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Foreign Investments Act (FIA) of 1991 stipulates that foreign ownership in industries can go up to 100%, except those specified in the Foreign Investment Negative List. Industries in the FINL require at least 60% of Filipino ownership, which means that 60% of capital stock outstanding and entitled votes is owned and held by citizens of the ...
The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, commercial real estate, and infrastructure projects.
Investment Company Act (RA No. 2629), as amended, and its Implementing Rules and Regulations (IRR) Investment Houses Law (PD No. 129) Civil Code of the Philippines (RA No. 386, Title IX - Partnership) Retail Trade Liberalization Act of 2000 (RA No. 8762) Foreign Investments Act of 1991 (RA No. 7402), as amended
Philippine Food Technology Act 2018-06-29: 11053: Amending RA 8049 or the Anti Hazing Act: Anti-Hazing Act of 2018 2018-07-27: 11054: Organic Act for the Bangsamoro Autonomous Region in Muslim Mindanao: Repealing RA 6734 and RA 9054 or the Organic Acts for the Autonomous Region in Muslim Mindanao 2018-08-06: 11055: Philippine Identification ...
On February 21, 1995, EPZA became PEZA due to the enactment of Republic Act 7916 which was passed by the House of Representatives and the Senate and approved by former Philippine President Fidel V. Ramos. [7] As provided in the Special Economic Zone Act, the PEZA Board is chaired by the Secretary of the Department of Trade and Industry.
It was established to develop the country's innovation goals, priorities, and long-term national strategy established by virtue of Republic Act No. 11293 or the Philippine Innovation Act of 2018. [27] It is headed by the president of the Philippines as chairman of the NIC, with the Secretary of Socioeconomic Planning as vice-chairman. [28]
The U.S. traditionally has been the Philippines' largest foreign investor, with about $6.6 billion in estimated investment as of end-2005 (U.S. Department of Commerce data). [ citation needed ] Since the late 1980s, the Philippines has committed itself to reforms that encourage foreign investment as a basis for economic development, subject to ...
The Department of Foreign Affairs (DFA; Filipino: Kagawaran ng Ugnayang Panlabas) is the executive department of the Philippine government tasked to contribute to the enhancement of national security, protection of the territorial integrity and national sovereignty, to participate in the national endeavor of sustaining development and enhancing the Philippines' competitive edge, to protect the ...