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Description
On 9 June 2014, the Senate approved Bill no. 2159 'Liberalizing the Entry and Scope of Operations of Foreign Banks in the Philippines', allowing local banks to be fully owned by foreigners. It also gr...
Intervention Details
Intervention Type
FDI: Entry and ownership rule
MAST Chapter
FDI measures
Implementation date
No implementation date
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Sectors
Affected Products