Lift limits on foreign ownership in various PH industries

We support the plans of the Duterte administration to ease foreign ownership limitations in various industries as a way of attracting more investments in the economy, spurring competition and creating more jobs.

This welcome and exciting news about opening up the economy to greater foreign participation is vital to sustaining the dramatic Philippine economic growth achieved in recent years. It will lead to major economic expansion in many industries and signify greater Philippine engagement in the global economy.