Global Trade Alert
Global Trade Alert

Philippines: Foreign individuals or entities authorised to possess up to 60% in rural banks in the country

Announcement

08 Jun 2013

In June 2013, the government of Philippines announced changed rules for foreign investors.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

08 Jun 2013

Revocation date:

No revocation date

Updated: 08 Jun 2013
FDI: Entry and ownership rule In force
As of 8 June 2013, foreign individuals or entities are allowed to own up to 60 per cent of the equity of a rural banks in the country. Previously, foreign banks, but not foreign individuals or entitie...
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