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Global Trade Alert

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Philippines: Introduced restricted measures on digital banking for foreign investors

Description

On 2 December 2020, the Philippines issued the Bangko Sentral ng Pilipinas (BSP) Circular No. 1105/2020 on Digital Banking. Under this circular, the Philippines capped the maximum of aggregate ownersh...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

23 Dec 2020

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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