DOE looks to amend Renewable Energy Act as DOJ tackles 60-40 foreign investment rule

  • 📰 YahooPH
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Foreigners may now own 100% of projects in the renewable energy market after the DOJ granted an exemption from the 60-40 foreign investment rule.

rule where at least 60% of a Philippine business should be owned by a Filipino citizen, while the rest can be owned by the foreign investor.

“The intent of the constitutional foreign ownership restriction was to preserve for Filipinos limited and exhaustible resources,” the DOJ added. “The DOE is preparing the necessary amendments to Rule 6, Section 19 of the IRR of the RE Law,” Lotilla said in a statement.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 22. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें