Problems relating to Trade and Investment on The Philippines
7. Procedures for the operation of the Foreign Investment Law |
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Issue |
Issue details |
Requests |
Reference |
| (1) Arbitrary Restriction on FFE's Majority Control on Construction Business Licence | - While Board of Investment (BOI) approves entry by 100% foreign funded enterprises into construction business, PCAB declines to issue PCAB Licence to foreign funded enterprises in excess of 40% capital contribution. | - It is requested GOJ negotiates with GOP for it to allow fully foreign owned FFEs' participation in construction business. | - PCAB Internal Rule PCAB: Philippine Contractors Association Board |
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