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Philippines: Relaxed foreign ownership rules in public services

Description

On 15 December 2021, the Philippines Senate passed Senate Bill (SB) 2094, prohibiting foreign SOEs from owning capital in a public service classified as critical infrastructure. The critical infrastru...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

15 Dec 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

state-controlled

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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