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More liberal foreign equity rule looms

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The Securities and Exchange Commission has drafted a new set of guidelines on foreign ownership in partly nationalized industries—a more liberal framework wherein the 40-percent foreign equity limit is prescribed on both the voting shares and total outstanding shares.   The draft guidelines, which the SEC is releasing for further public feedback, make the recent [...]

Posted: March 26th, 2013 in Editor's Pick,Headlines | Read More »

‘Safety valve’ eyed on foreign equity rule

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THE PHILIPPINE Stock Exchange is proposing some “safety valve” mechanism to ensure compliance with foreign equity restrictions without discouraging capital flows within the regulatory framework being drawn up by the Securities and Exchange Commission.

Posted: December 21st, 2012 in Headlines | Read More »

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