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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 269 - AMENDING
EXECUTIVE ORDER NO. 182 WHICH PROMULGATES THE FIRST REGULAR FOREIGN
INVESTMENT NEGATIVE LIST, SPECIFICALLY “LIST A” OF ANNEX A
WHEREAS, List A of the First
Regular Foreign Investment Negative List enumerates investment
activities/areas where foreign equity participation is limited as
prescribed in the Constitution and other specific laws;
WHEREAS, Sec. 2, Rule IX of the Implementing Rules and Regulations
of Republic Act No. 7042, also known as the Foreign Investments Act of
1991, allows amendment; to List A to be made by NEDA at any time to
reflect changes made by laws regarding foreign equity participation in
any investment activity/area;
WHEREAS, there is a need to amend the first Regular Foreign Investment
Negative List (RFINL) to reflect the provisions under Republic Act No.
7718 or “An Act Amending Certain Section s of Republic Act No. 6957,
Entitled An Act Authorizing The Financing, Construction, Operation and
Maintenance of Infrastructure Projects By the Private Sector, And For
Other Purposes” on the allowed foreign equity in build-operate-transfer
projects.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by the Foreign
Investments Act of 1991 do hereby order:
Section 1.
(a)
“10.
(b)
(c)
“18.
Sec. 2.
Sec. 3.
DONE in the City of Manila,
this 8th day of August, in the year of Our Lord, nineteen hundred and
ninety-five.
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