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Foreign investment Law

philippine tourism

Foreign Investment Opportunities to Philippine Tourism

Philippines, a Prime Tourist Destination The Philippines is a country abundant in biodiversity, natural resources, and scenic destinations. Among these tourist attractions are Boracay’s white sand beaches, Palawan’s underground river, Siargao’s surf scene, Cagayan Valley’s caves, Bicol’s perfect cone-shaped Mayon volcano, and Ifugao’s rice terraces. Aside from magnificent tourist destinations, the Philippines also boasts a …

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Regional Comprehensive Economic Partnership

Regional Comprehensive Economic Partnership Ratified by Congress

Joining an economic partnership goliath The Regional Comprehensive Economic Partnership is currently the world’s largest trade and investment agreement. As an economic bloc that includes the ten ASEAN countries, as well as five of its major trading partners – Australia, China, Japan, South Korea, and New Zealand, it accounts for almost a third of the …

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nfts

Philippine Laws Regulating NFTs

What are NFTs? NFTs (non-fungible tokens) are distinctive cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent real-world items like artwork and real estate. These real-world tangible assets make buying, selling, and trading them more efficient while reducing the probability of fraud. NFTs can also function to represent individuals’ identities, …

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stablecoins

How Are Stablecoins Regulated in the Philippines?

The emergence of technology has certainly paved the way for significant scientific and economic breakthroughs. Since the advent thereof, letters, snail mails, and even cash and coins have become a thing of the past—archaic, as they say. Today, people use smartphones, e-wallets, and cryptocurrency.   It won’t be long until every aspect of our lives is …

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retail trade

PH Vows to Attract Foreign Retailers: An Amendment to Retail Trade Liberalization Act

The Philippines with its vast and exponential growth in its retail industry welcomes the entry of more foreign retailers through the recent amendments to the Retail Trade Liberalization Act.  Signed by then-President Rodrigo Duterte on December 20, 2021, the amendments would not only globally expand foreign enterprises but also meant to encourage investment inflows and …

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Philippine Foreign Investment

Philippines Further Eases Restrictions on Foreign Businesses: Amendments to the Foreign Investment Act of 1991

In a world trying to pick itself up after a series of unfortunate events, from a death-dealing Pandemic to threats of a disastrous war, every head of state is on a quest for a ploy to help reawaken their debilitated economy. Like any other corner of the globe, the Philippines was not spared from the …

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foreign investment

Foreign Investment Negative List

On 29 October 2018, President Rodrigo Duterte issued the 11th Foreign Investment Negative List. The said Foreign Investment Negative List took effect on 16 November 2018. As with the previous List, the current one outlines clarifies the scope and limitations of foreign ownership in businesses in specific industries.