comparemela.com


Senate of the Philippines (Senate PRIB)
Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization Act of 2000 (Republic Act No. 8762) and lower the required paid-up capital of foreign retail businesses.
President Duterte earlier certified the bill as urgent, with government economic and finance managers saying it will encourage the entry of investors and further boost economic recovery following the COVID-19 pandemic.
The bill sets a minimum paid-up capital of P50 million for foreign retailers who want to engage or invest in the retail trade business. The current law sets the required capital at US$2.5 million, or its equivalent in Philippine peso.

Related Keywords

Philippines ,The Philippines ,Filipino ,Aquilino Koko Pimentel ,Risa Hontiveros ,National Economic Development Authority ,Senate Bill No ,Senate Of The Philippines ,Senate Minority Leader Franklin Drilon ,Senate Bill ,Retail Liberalization Act ,Republic Act ,President Pro Tempore Ralph Recto ,Minority Leader Franklin Drilon ,பிலிப்பைன்ஸ் ,தி பிலிப்பைன்ஸ் ,ஃபிலிபினோ ,அகுலினோ கோகோ பைமென்டல் ,ரிசா ஹொண்டிவேரோஸ் ,தேசிய பொருளாதார வளர்ச்சி அதிகாரம் ,செனட் ர சி து இல்லை ,செனட் ஆஃப் தி பிலிப்பைன்ஸ் ,செனட் ர சி து ,குடியரசு நாடகம் ,

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.