THIRD REGULAR FOREIGN
INVESTMENTS
NEGATIVE LIST
[Executive
Order No. 11 dated August 11, 1998]
LIST B:chanroblesvirtuallawlibrary
FOREIGN OWNERSHIP
IS LIMITED
FOR REASONS OF
SECURITY,
DEFENSE, RISK TO HEALTH AND MORALS
AND PROTECTION OF
SMALL AND MEDIUM-SCALE ENTERPRISES
Up to Forty
Percent
(40%) Foreign Equity
1. Manufacture,
repair, storage, and/or distribution of products and ingredients used
in
the manufacture thereof requiring Philippine National Police [PNP]
clearance:
a. Firearms
[handguns to shotguns], parts of firearms and ammunition therefor,
instruments
or implements used or intended to be used in the manufacture of firearms
b. Gunpowder
c. Dynamite
d. Blasting
supplies
e.
Ingredients
used in making explosives:
i.
Chlorate of potassium and sodium
ii.
Nitrates of ammonium 4vxc & barium, copper [11], lead [11] calcium
and cuprite
iii.
Nitric acid
iv.
Nitrocellulose
v.
Perchlorates of ammonium, potassium and sodium
vi.
Dinitrocellulose
vii.
Glycerol
viii.
Amorphous
Phosphorus
ix.
Hydrogen Peroxide
x.
Strontium Nitrate Powder
xi.
Toluene f.
Telescopic
sights, sniperscope and other similar devices [Republic Act No. 7042,
as
amended by R. A. No. 8179].]
2. Manufacture,
repair, storage and/or distribution of products requiring Department of
National Defense [DND] clearance:
a. Guns and
ammunition for warfare
b. Military
ordnance and parts thereof [e.g., torpedoes, mines,
depthchargers,
bombs, grenades, missiles]
c. Gunnery,
bombing and fire control systems and components
d. Guided
missiles/missile systems and components
e.
Tactical
aircraft (fixed and rotary-winged), components and parts thereof
f. Space
vehicles
and component systems
g. Combat
vessels (air, land and naval) and auxiliaries
h. Weapons
repair and maintenance equipment
i.
Military
communications equipment
j.
Night
vision equipment
k.
Stimulated
coherent radiation devices, components and accessories
l.
Armament
training devices
m. Others
as may be determined by the Secretary of the Department of National
Defense
[R. A. No. 7042, as amended by R. A. No. 8179]
3. Manufacture
and distribution of dangerous drugs [R. A. No. 7042, as amended by R.
A.
No. 8179]
4. Sauna and
steam bathhouses, massage clinics and other like activities regulated
by
law because of risks they may impose to public health and morals [R. A.
No. 7042, as amended by R. A. No. 8179]
5. Other forms
of gambling, e.g., race track operation [R. A. No. 7042, as
amended
by R. A. No. 8179]
6. Domestic
market enterprises with paid-in equity capital of less than the
equivalent
of US$200,000.00 [R. A. No. 7042, as amended by R. A. No. 8179]
7. Domestic
market enterprises which involve advanced technology or employ at least
fifty (50) direct employees with paid-in equity capital of less than
the
equivalent of US$100,000 [R. A. No. 7042, as amended by R. A. No. 8179].chanrobles virtual law library
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