Global Trade Alert
Global Trade Alert

Philippines: President issues the Thirteenth Regular Foreign Investment Negative List

Announcement

13 Apr 2026

In April 2026, the Philippines issued the Thirteenth Regular Foreign Investment Negative List. The list specifies sectors where foreign equity is prohibited or limited to certain percentages.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Apr 2026

Revocation date:

No revocation date

Updated: 22 Apr 2026
FDI: Entry and ownership rule

Recent update from 22 Apr 2026:

On 13 April 2026, the President of the Philippines published Executive Order No. 113, promulgating the Thirteenth Regular Foreign Investment Negative List (RFINL). The new RFINL imposes a 40% cap o...

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