27 Feb 2018
PHILIPPINES: 100% FDI Set to be Permitted in Construction Sector
Foreign direct investment (FDI) of up to 100% is set to be permitted in the country's construction sector for the first time. The change will be facilitated by an amendment to the Foreign Investment Negative List (FINL), which currently caps overseas participation in construction-related projects at 40%, while also requiring overseas contractors to partner with Filipino-owned companies.
The amendment is set to be discussed at the 6 March meeting of the country’s National Economic and Development Authority. The same meeting will also consider proposals to remove foreign investment restrictions in a number of other sectors.