4 October 2017 - The government is moving to open up the country’s retail sector further to foreign brands by reducing the paid-up capital threshold for enterprises to be reserved exclusively for Filipinos. Socioeconomic Planning Secretary Ernesto M. Pernia told reporters last Monday that economic managers are looking to reduce the paid-up capital threshold to just $200,000 from the prevailing $2.5 million under Republic Act No. 8762, or the Retail Trade Liberalization Act of 2000. Read more at : bworldonline.com
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