By Chloe Mari A. Hufana, Reporter
PRESIDENT Ferdinand R. Marcos, Jr. has eased foreign investment rules for retail trade by allowing overseas investors to own as much as 40% of enterprises with paid-up capital of less than P25 million, under the Philippines’ 13th Regular Foreign Investment Negative List (RFINL).
The change, introduced through Executive Order (EO) No. 113, marks a shift from the previous list issued in 2022, which barred foreign equity in small retail trade, and reflects a broader effort to align foreign ownership rules with recent legislative reforms.
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