MALACAÑAN PALACE
MANILABY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 584
PROMULGATING THE SEVENTH REGULAR FOREIGN INVESTMENT NEGATIVE LIST
WHEREAS, Republic Act No. 7042, otherwise known as the Foreign Investments Act of 1991, as amended by RA 8179, provides for the formulation of a Regular Foreign Investment Negative List covering investment areas/activities which may be opened to foreign investors and/or reserved to Filipino nationals;
WHEREAS, the Regular Foreign Investment Negative List, consisting of Lists A and B, is effective for two (2) years pursuant to Section 8 of RA 7042 (as amended) and its revised Implementing Rules and Regulations;
WHEREAS, there is a need to formulate a Seventh Regular Foreign Investment Negative List in view of the expiration of the existing list on January 6, 2007;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order:
SECTION 1. Only the investment areas or activities listed in Annex A hereof shall be reserved to Philippine nationals, and hereafter...
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Executive Orders
Promulgating The Seventh Regular Foreign Investment Negative List
Executive Order No. 584
Promulgating the Seventh Regular Foreign Investment Negative List
- Section 1: Only investment areas/activities listed in Annex A shall be reserved for Philippine nationals.
• The extent of foreign equity in these areas is limited to the percentages indicated in the List.
- Section 2:
• Amendments to List A (areas reserved for Philippine nationals) may be made at any time to reflect changes in specific laws. (Basis: Section 2)
• Amendments to List B shall not be made more often than once every two (2) years, pursuant to Section 8 of RA 7042 (as amended) and its revised Implementing Rules and Regulations. (Basis: Section 2)
- Section 3: All orders, issuances, rules and regulations or parts thereof, which are inconsistent with this Order are hereby revoked or modified accordingly. (Basis: Section 3)
- Section 4:
• This Executive Order shall take effect upon the expiration of the Sixth Regular Foreign Investment Negative List on January 6, 2007. (Basis: Section 4)
• It shall be published in a national newspaper of general circulation. (Basis: Section 4)
- Section 1: Only investment areas/activities listed in Annex A shall be reserved for Philippine nationals.
• The extent of foreign equity in these areas is limited to the percentages indicated in the List.
- Section 2:
• Amendments to List A (areas reserved for Philippine nationals) may be made at any time to reflect changes in specific laws. (Basis: Section 2)
• Amendments to List B shall not be made more often than once every two (2) years, pursuant to Section 8 of RA 7042 (as amended) and its revised Implementing Rules and Regulations. (Basis: Section 2)
- Section 3: All orders, issuances, rules and regulations or parts thereof, which are inconsistent with this Order are hereby revoked or modified accordingly. (Basis: Section 3)
- Section 4:
• This Executive Order shall take effect upon the expiration of the Sixth Regular Foreign Investment Negative List on January 6, 2007. (Basis: Section 4)
• It shall be published in a national newspaper of general circulation. (Basis: Section 4)