foreign ownership - updates

Rappler's latest stories on foreign ownership


Gov't allows 100% foreign ownership in 5 investment areas

Oct 31, 2018 - 2:40 PM

(UPDATED) The 11th Regular Foreign Investment Negative List also relaxes restrictions on some public works

INFRA SPREE. President Rodrigo Duterte says his term is the 'golden age of infrastructure'. Photo from Malacanang

Draft constitution 'backward-looking' – economic advocacy group

Jul 30, 2018 - 8:15 PM

The Foundation for Economic Freedom calls for the lifting of foreign ownership restrictions and the removal of 'protectionist' provisions in the proposed charter

A comparison of Cha-Cha proposals: From federalism to foreign equity

Feb 06, 2018 - 9:10 PM

Here are some of the topics among the proposed changes to the 1987 Constitution

EXPLAINER: How SEC's Rappler decision is a test case for press freedom

Jan 20, 2018 - 10:39 PM

‘If Rappler can make out a case that this is actually malicious, the court cannot ignore that the government might be in violation of the constitutional guarantee to press freedom,’ says IBP national president Abdiel Dan Fajardo

TEST CASE. Can the SEC ruling against Rappler be used to push for a test case of press freedom? sec-rappler-decision  TEST CASE. Can the SEC ruling against Rappler be used to push for a test case of press freedom? sec-rappler-decision

Malacañang orders easing, lifting of foreign investment restrictions in 8 areas

Nov 23, 2017 - 5:20 PM

NEDA and other agencies are asked to relax or lift restrictions on foreign participation in investment areas like construction of public works, teaching at higher education levels, and domestic enterprises

President Rodrigo Roa Duterte discusses matters with Finance Secretary Carlos Dominguez III during the 19th Cabinet Meeting at the Malacañan Palace on October 4, 2017. SIMEON CELI JR./PRESIDENTIAL PHOTO

PH to add more sectors allowing 100% foreign ownership

Sep 14, 2017 - 10:15 PM

I want to be more aggressive and to be at par with other ASEAN countries says Socioeconomic Planning Secretary Ernesto Pernia

MORE AGGRESSIVE. 'I want a more aggressive liberalization. The draft list is too puny in terms of changes. I want to be more aggressive and to be at par with other ASEAN countries,' Socioeconomic Planning Secretary Ernesto Pernia says. File photo

House opposition questions bill letting foreigners own public utilities

Aug 29, 2017 - 6:30 PM

Opposition lawmakers say House Bill 5828 seeks to amend the Constitution without going through the proper channels

VIGILANCE OVER BILLS? Two opposition lawmakers say a House Bill that made it past the committee level is unconstitutional. Rappler photo

SC affirms ruling in favor of SEC’s 60-40 foreign ownership rule

Apr 18, 2017 - 11:21 PM

The Supreme Court affirms its rejection of a petition that alleges the SEC guidelines on foreign ownership were ‘tailor made’ to allow PLDT to skirt the cap set by the Constitution

Supreme Court upholds SEC foreign ownership rules

Dec 21, 2016 - 8:49 PM

UPDATED The High Court decides on a 2013 case involving PLDT s alleged attempt to skirt the constitutional cap on foreign ownership in public utilities

SEC AFFIRMED. In a vote of 8-5, the SC on Wednesday, December 21 denied the petition filed by Jose Judd Roy III, questioning the constitutionality of SEC Memorandum Circular No. 8, Series of 2013 or Guidelines on Compliance with the Filipino-Foreign Ownership Requirements. Rappler file photo

What's next for best-performing PH economy under Duterte admin?

May 13, 2016 - 4:04 PM

The new administration should spend directly on major infrastructure projects to build confidence and generate investor flows to ride on the current momentum says Oxford Business Group’s Managing director for Asia

Duterte open to lifting cap on foreign ownership of firms

May 09, 2016 - 10:15 PM

Maybe we can tinker with the Constitution now about changing or amending the 60 40 ownership to make them foreign investors comfortable says leading presidential candidate Rodrigo Duterte

Presidential candidate and Davao City Mayor Rodrigo Duterte casts his vote at the Daniel R. Aguinaldo National High School in Matina Aplaya district.

Binay: We need 'Daang Mabilis,' not 'Daang Matuwid'

Oct 09, 2015 - 9:24 AM

We need a leader who will hit the ground running and get things done the Vice President says at the launch of Go Negosyo s Presidentiables Series

NTC eyes new rules on minimum speed for mobile broadband

Aug 18, 2015 - 6:41 PM

The National Telecommunications Commission is targeting the promulgation of the new rules by November

4 urgent economic concerns for Aquino's successor

Aug 03, 2015 - 9:30 PM

President Aquino failed to address these economists say

INCLUSIVE GROWTH? Despite the economical advances, there are still many Filipinos who consider themselves poor. File photo by Leanne Jazul/Rappler

Monopolies, duopolies hamper PH inclusive growth

Aug 03, 2015 - 4:56 PM

To address these barriers to progress economists say that that it is now high time for the government to relax foreign ownership limitations

Ease foreign restrictions to develop renewable energy – EU ambassador

Aug 02, 2015 - 8:49 PM

Relaxing restrictions such as the 60 40 rule on foreign ownership will help spur investment in renewable energy projects says EU ambassador Guy Ledoux

Is the Philippine Competition Act really a game-changer?

Jul 12, 2015 - 12:30 PM

Conclusion: Lawmakers say the competition law is essential for the economy to reach its next level of growth

Aquino retains foreign investments limitations

Jun 06, 2015 - 9:42 AM

Nothing has changed in the new list of industries foreigners are not allowed to invest in or industries where their investments are capped

CRUNCH TIME. It's crunch time for President Benigno Aquino III to lock in promises he made during his campaign. Photo By Ryan Lim/Malacanang Photo Bureau

House OKs charter change reso on 2nd reading

May 27, 2015 - 5:41 PM

The resolution seeks to amend the economic provisions of the Constitution

'VERY HAPPY.' Speaker Feliciano Belmonte Jr's economic charte change proposal is approved on 2nd reading. File photo by Angela Casauay/Rappler

Binay 'presidency' to seek better PH-China ties

Apr 25, 2015 - 2:47 PM

What s wrong with that? Vice President Jejomar Binay says when asked if he would allow joint oil and gas exploration with China in disputed territory if he is elected president

BOOSTING TIES. Chinese Ambassador to the Philippines Zhao Jianhua (right) pays a courtesy visit to Philippine Vice President Jejomar Binay (left) on April 15, 2014. Photo courtesy of the Chinese Embassy in the Philippines

UK to PH: Relax foreign ownership limit

Jun 17, 2014 - 6:20 PM

UK reiterates its call for the Philippine government to reconsider its position on the 60 40 rule for foreign ownership of companies to encourage investments on renewable energy

COURTESY CALL. British Ambassador Asif Ahmad and UK Trade envoy George Freeman with Energy Secretary Carlos Jericho Petilla and House committee on energy chair Representative Reynaldo Umali. Photo from the British Embassy Manila's Facebook account

Belmonte's charter change train takes off

Feb 18, 2014 - 4:00 PM

Taking the legislative route the House Speaker proposes to relax constitutional limits on foreign ownership of land and businesses

BELMONTE'S MOVE: House committee on constitutional amendments takes up House Resolution 1. Photo by Carmela Fonbuena/Rappler

Okada to proceed with Manila casino project

Jul 16, 2013 - 9:20 PM

Japanese firm Universal Entertainment stresses it based its decision to invest 2 billion in a Manila casino on legal advice of a prominent law firm

STILL A GO. Kazuo Okada-led Universal Entertainment is pushing through with its Manila Bay Resorts project in Entertainment City despite the justice department's anti-dummy allegations. Artist's rendition of the Okada group's casino-entertainment project

‘Term-limit extension will kill Cha-cha initiative’

Jul 13, 2013 - 8:52 PM

Moves to lift term limits will kill a Cha cha initiative meant to attract foreign investment says House Majority Leader Neptali Gonzales II

Aquino ally pushes for Charter change

Jul 09, 2013 - 11:31 AM

Incoming Speaker Feliciano Belmonte Jr files a Charter change resolution seeking to amend provisions regarding foreign ownership

Casiño: Retain 60-40 rule on foreign ownerships

Apr 13, 2013 - 11:26 PM

For senatorial bet Teddy Casiño the implementation of the Filipino First rule is key

Hot money swings to net outflow in March

Apr 11, 2013 - 7:30 PM

Outflows are due to profit taking in Philippine stocks

DOLLAR RESERVES. A bank teller shows off dollar bills. Photo from AFP

PLDT welcomes SEC's foreign ownership draft rules

Apr 03, 2013 - 10:12 PM

The country s largest telecommunications firm welcomes the two tiered test meant to curb the use of dummies in corporate structure

POSITIVE RESPONSE. PLDT welcomed the 2-tiered tests in the SEC's new foreign ownership draft. AFP Photo

EU chamber positive on foreign ownership draft

Mar 30, 2013 - 8:02 AM

The European Chamber of Commerce in the Philippines ECCP urges the government to act fast to remove remaining restrictions to foreign investments

NEW DRAFT. The SEC may remove some limits to foreign ownership.

SEC relaxes foreign ownership rules in second draft

Mar 25, 2013 - 8:58 PM

The rules call for a 40 limit on foreign ownership of both common and outstanding shares of stock

NEW DRAFT. The SEC may remove some limits to foreign ownership.

Ramos: Cha-cha key to foreign investments

Feb 27, 2013 - 10:25 AM

Former Philippine President Fidel Ramos calls for certain parts of the Philippine Constitution to be changed including foreign ownership laws

LET'S CHA-CHA. Former President Fidel Ramos says changing the economic provisions of the Constitution will open the door for more investments. AFP Photo

Limit on foreign stake in renewable energy 'unhelpful'

Feb 19, 2013 - 6:45 PM

UPDATED The 40 limit on foreign ownership in the renewable energy sector is unhelpful in attracting investors says British Ambassador to the Philippines Stephen Lillie

REVIEW LIMIT. British Ambassador Stephen Lillie says investor interest is high for the Philippines' renewable energy market, but the foreign ownership limit is 'unhelpful'. Photo from the British embassy in Manila

SEC may relax draft foreign ownership rules

Jan 10, 2013 - 9:40 PM

The 40 foreign ownership limit may apply on common or voting shares only not all classes of shares in final SEC rules

Corruption and the foreign ownership rule

Jan 06, 2013 - 10:42 AM

Lifting the nationality restrictions in the economic provisions in the Constitution is in accordance with the fight against corruption and toward matuwid na daan

FEF President Mr. Chikiamco

Villar-led Vista Land restructures capital for fund-raising moves

Nov 30, 2012 - 1:35 PM

Vista Land Lifescapes Inc the real estate company that Sen Manuel Villar founded can proceed with a capital restructuring plan which is part of moves to raise funds in the future without breaking foreign ownership rules

More industries now off limits to foreigners

Nov 02, 2012 - 5:23 PM

Despite this Malacañang is still confident foreign investors will keep pouring in money into the Philippines

PLDT cuts foreign equity to comply with SC ruling

Oct 16, 2012 - 11:45 AM

PLDT signs an agreement with its affiliate BTF Holdings Inc for the issuance of voting preferred shares which will bring down the total interest of foreign groups in the company to nearly 35

Charter change unlikely to happen in 2012 - Belmonte

Oct 09, 2012 - 2:12 PM

Both houses of Congress have renewed talks to amend the economic provisions of the Constitution particularly the limitations on foreign ownership of public utilities and land

Myanmar passes new law to attract foreign investors

Sep 07, 2012 - 5:56 PM

Myanmar passed a law that will allow foreign companies to own up to 50 of joint ventures with local partners to boost investment in the country

Palace shoots down 'Cha-cha'

Jul 12, 2012 - 4:27 PM

President Aquino has been able to implement reforms without Charter change says Valte

Carpio: SEC stand on PLDT ownership issue 'void'

Jun 27, 2012 - 2:15 AM

The securities regulator says foreign ownership rule includes not only voting but non voting shares

SEC approves PLDT move on foreign ownership issue

Jun 07, 2012 - 4:23 PM

Getting the nod of the corporate regulator means PLDT s foreign ownership issue which has already reached the Supreme Court may be moot soon

'Forget about foreign equity, PLDT is managed by Pinoys'

Apr 17, 2012 - 10:01 PM

PLDT lawyer says 11 out of 13 directors of the company are Filipinos