Announcement
10 Dec 2021
In December 2021, the government of the Philippines changed the rules for foreign retail enterprises operating in the country.
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Number of interventions
3
2 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
25 Dec 2021
Revocation date:
No revocation date
Updated: 10 Dec 2021
FDI: Treatment and operations, nes
In force
On 10 December 2021, the Philippines issued Republic Act No.11595, removing the requirement for foreign-owned retail enterprises to offer a minimum of 30 per cent equity through any stock exchange in ...
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Implementation date
25 Dec 2021
Revocation date:
No revocation date
Updated: 10 Dec 2021
Labour market access
In force
On 10 December 2021, the Philippines issued Republic Act No.11595, mandating foreign retail enterprises to hire Filipino workers before engaging in services with a foreign national.
The regulation ent...
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Updated: 10 Dec 2021
FDI: Entry and ownership rule
In force
On 10 December 2021, the Philippines issued Republic Act No.11595, increasing the minimum paid-up capital requirements for newly established foreign retail enterprises from USD 2.5 million to PHP 25 m...
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