Investment promotion agencies (IPAs) have identified the three main barriers to foreign investments in the Philippines.
- Foreign Equity Restrictions;
- High Costs of Doing Business;
- COVID-19 Pandemic.
To address such restrictions on foreign equity, the government has passed into law three economic liberalization bills amending the Public Service Act (PSA), Retail Trade Liberalization Act (RTLA), and Foreign Investments Act (FIA).
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