The Philippines will allow up to 100 percent foreign ownership in internet businesses as soon as President Rodrigo Duterte signs the proposed 11th Foreign Investment Negative List, the country’s chief economist said Tuesday.
During the Senate finance committee’s hearing on the proposed 2019 budget of the state planning agency National Economic and Development Authority (Neda), Socioeconomic Planning Secretary Ernesto Pernia said that based on feedback from the Palace Tuesday morning, the draft 11th FINL is “now up for signature” as it was already “under full review
Read more: https://business.inquirer.net/25827...ign-ownership-internet-business#ixzz5SpMnsuGZ
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