Ina Alexandra Dominguez


The Philippine Congress is currently reviewing amendments to three laws, reducing capitalization requirements for foreign investments in retail trade and removing foreign equity restrictions in the telecommunications sector. The proposed amendments also create an Investment Promotions Council to facilitate and encourage foreign investments in the country, whilst also imposing foreign investment review requirements for certain key industries. Foreign Investments Act Amendments to the Foreign Investments Act (“FIA”) provide for review by the Department of National…