PHL equity curbs tightest in Asean–ex-DOF chief Teves | Jovee Marie N. de la Cruz

THE Philippines holds the highest foreign equity ownership restrictions among Asean countries, former finance secretary Gary Teves said on Wednesday. Speaking at a House-organized roundtable forum on regulatory barriers’ impact on foreign direct investments, Teves said that the Philippines is the most restrictive in Asean, ranking globally at number three. The…

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