ANNOUNCEMENT 08 Jun 2013

In June 2013, the government of Philippines announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Republic Act No. 10574
http://www.gov.ph/2013/05/24/republic-act-no-10574/


Inception date: 08 Jun 2013 | Removal date: open ended

FDI: Entry and ownership rule

As of 8 June 2013, foreign individuals or entities are allowed to own up to 60 per cent of the equity of a rural banks in the country. Previously, foreign banks, but not foreign individuals or entities, were entitled to possess equity in rural banks.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A