News Formal

Business groups in favor of easing restrictions on foreign investments

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

Several business groups are backing moves to amend the 1987 Constitution's provisions which limit the participation of foreign investors in the country.

MANILA, Philippines – Several business groups are backing moves to amend the 1987 Constitution's provisions which limit the participation of foreign investors in the country.

One common proposal is to ease the constitutional restrictions on foreign investments – either by completely removing the requirement that at least 60% of public utility enterprises' capital stock must be owned by Filipino citizens or corporations, or by giving Congress the power to pass a law that would allow this.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

infinitejamm

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kapa-like investment group in Mindanao faces syndicated estafa complaintThe National Bureau of Investigation files a syndicated estafa complaint – a non-bailable offense – against 39 individuals associated with the ALAMCCO credit cooperative.
Source: rapplerdotcom - 🏆 4. / 86 Read more »