PRA backs easing of foreign ownership limits

The Philippine Retailers Association (PRA) has backed new foreign investment rules that President Marcos signed, allowing foreigners to own up to 40 percent of retail companies with paid-up capital of less than P25 million. In a statement on Saturday, the group said that the changes under Executive Order No. 113 strike a “careful balance” between […]... Keep on reading: PRA backs easing of foreign ownership limits

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