Promulgating The Fifth Regular Foreign Investment Negative List

Case Overview and Summary

Promulgating the Fifth Regular Foreign Investment Negative List

- Pursuant to Republic Act (RA) No. 7042 (Foreign Investments Act of 1991), as amended by RA 8179, the President is authorized to formulate a Regular Foreign Investment Negative List covering investment areas/activities that may be opened to foreign investors and/or reserved to Filipino nationals. (Preamble)
- The Regular Foreign Investment Negative List consists of Lists A and B, and is effective for two years. (Preamble)
- There is a need to formulate the Fifth Regular Foreign Investment Negative List to reflect changes to Lists A and B provided in new laws and recommended by concerned government agencies. (Preamble)

- Only the investment areas and/or activities listed in Annex A shall be reserved to Philippine nationals, and shall be referred to as the Fifth Regular Foreign Investment Negative List. (Section 1)
- The extent of foreign equity participation in these areas shall be limited to the percentages indicated in the List. (Section 1)

- Amendments to List A may be made at any time to reflect changes instituted in specific laws. (Section 2)
- Amendments to List B shall not be made more often than once every two years, pursuant to Section 8 of RA 7042 as amended, and its Implementing Rules and Regulations. (Section 2)

- All orders, issuances, rules and regulations or parts thereof, which are inconsistent with this Order are hereby revoked or modified accordingly. (Section 3)

- This order shall take effect fifteen (15) days after publication. (Section 4)