Jun 052013
EVER SINCE the Philippines opened its doors to global trade, our country has experienced a radical change when it comes to business opportunities for foreign investors. Despite the foreign equity safeguards in the 1987 Constitution, Congress passed the Foreign Investments Act (FIA) of 1991, as amended, and Republic Act (RA) 8762, otherwise known as the Retail Trade Liberalization Act of 2000. These laws paved the way for more favorable and concrete guidelines for investors to consider before taking a plunge in the local business market.