Global Trade Alert
Global Trade Alert

Philippines: Relaxed foreign ownership rules in public services

Announcement

15 Dec 2021

In December 2021, the Philippines allowed 100 percent foreign ownership of public services in telecommunications, airlines, shipping, and railways.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

15 Dec 2021

Revocation date:

No revocation date

Announced: 15 Dec 2021
FDI: Entry and ownership rule In force
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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Implementation date

15 Dec 2021

Revocation date:

No revocation date

Announced: 15 Dec 2021
FDI: Entry and ownership rule In force
On 15 December 2021, the Philippines Senate passed Senate Bill (SB) 2094, enabling 100 percent foreign ownership of public services in telecommunications, airlines, shipping, and railways. Prior to th...
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