Marcos eyes easing foreign investment limits to lure more multi-national companies to PH 0 SHARES Share it! Share TweetBy Hannah TorregozaSenator Imelda Josefa “Imee” Marcos on Sunday said it was time to amend the Foreign Investments Act of 1991, and ease restrictions on foreign direct investments (FDIs) to attract more multinational companies to the country. There are at least three bills seeking to liberalize foreign investments that are pending before the committee. This includes her own Senate bill No 1024 or the Act Promoting Foreign Investments, Amending Republic Act No. The senator is also eyeing higher foreign ownership ceilings in the construction and retail trade sectors, which have seen marked growth in the region.

Source: Manila Bulletin September 29, 2019 08:15 UTC