CROSS-SECTOR


Area of Concern Recommendation Status Action Taken Details
Economic amendments to the Constitution Economic amendments to the Constitution On-going We continue to seek clear instructions by SC and SEC on when the control test or the grandfather test are used to determine the nationality of a corporation.
Revision of the FINL Revision of the FINL Not-applicable The 10th FINL, which replaces the 9th FINL was promulgated on May 29th , by Executive Order No. 184, s.2015. Unfortunately, the 10th FINL continues to restrict foreign investment by maintaining restrictions on foreign ownership in all areas included in the 9th FINL. With the exception of pharmacy, radiologic and x-ray technology, criminology, forestry and law all professions were removed to a footnote, subject to reciprocity. show details
Clear Definition of Public Utility Clear Definition of Public Utility On-going We continue to actively lobby for an opinion by the Department of Justice on what is and what is not a public utility show details
Passing of Fair Competition Act Passing of Fair Competition Act Implemented Lobbied for the current administration to approve the bill

PARTNER CHAMBERS IN THE PHILIPPINES