The Filipino Congress has just approved a new law on foreign investments in the Philippines (Republic Act No. 11647), amending partially the previous law (Republic Act No. 7042). The new law includes a general statement in its Article 1 about the principles...
Read moreOPPORTUNITIES + CHALLENGES IN THE WINE MARKET IN ASIA: ASEAN COUNTRIES (I)
Southeast Asian countries have been politically grouped since 1967 in the Association of Southeast Asian Nations (ASEAN) and commercially since late 2015 in the ASEAN Economic Community. Together, they make up a market of 667 million consumers which, despite...
Read moreFOREIGN INVESTMENT IN THE PHILIPPINES: NEW CHANGES IN LEGISLATION
The current regulatory frameworks regarding Foreign Investment in the Philippines and other Southeast Asian countries are undergoing a clear liberalization process in recent years. Even in those countries where, due to internal policies or social development...
Read moreRENEWABLE ENERGY IN THE PHILIPPINES: FOREIGN INVESTMENT + TAX ADVANTAGES
Until just a few weeks ago, the exploration, exploitation, and utilization of renewable energy in the Philippines, such as solar, wind, hydro, ocean, or tidal energy, could only be carried out by Filipino citizens or entities that were at least 60% owned by...
Read moreTHE PROCESS OF LIBERALIZATION OF THE PHILIPPINE ECONOMY
The Philippine economy is currently one of the most vibrant economies in Southeast Asia, to the extent that, according to HSBC’s forecasts, it will rank 16th among the thirty most important economies in the world by 2050, ahead of others in the region...
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