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Rajah & Tann Regional Round-Up

your snapshot of key legal developments in Asia

Issue 1 - Jan/Feb/Mar 2022


PHILIPPINES

Amendments to Foreign Investments Act to Loosen Restrictions on Foreign Entrants and Boost Recovery after COVID-19

On 2 March 2022, President Rodrigo R. Duterte signed into law Republic Act No. 11647 ("Amended FIA"), amending Republic Act No. 7042 or the Foreign Investments Act of 1991.


The Amended FIA aims to attract and promote productive investments in activities which significantly contribute to sustainable, inclusive, resilient, and innovative economic growth, productivity, global competitiveness, employment creation, technological advancement, and countrywide development to the extent that foreign investment in such activities is allowed by the Constitution and relevant laws.



CAMBODIA

CHINA

INDONESIA

LAO PDR

MALAYSIA

MYANMAR

PHILIPPINES

SINGAPORE

THAILAND

VIETNAM



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

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