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This web page features the full text of
List A
of the
Third Regular Foreign Investments Negative List
of the
Foreign Investments Act of the Philippines.
 

Read full text of:chanroblesvirtuallawlibrary
   
Fifth Regular Foreign Investments Negative List (Executive Order No. 139 issued by President Gloria Macapagal-Arroyo on October 22, 2002)
ANNEX "A" - LIST A
ANNEX "B" - LIST B
 
 


 


THIRD REGULAR FOREIGN INVESTMENTS NEGATIVE LIST 
[Executive Order No. 11 dated August 11, 1998]


LIST A:chanroblesvirtuallawlibrary
FOREIGN OWNERSHIP IS LIMITED
BY MANDATE OF THE CONSTITUTION AND SPECIFIC LAWS

No Foreign Equity

1.  Mass Media except recording [Article XVI, Section 11 of the Constitution; Presidential Memorandum Order dated 04 May 1994].chanrobles virtual law library

2.  Services involving the practice of licensed professions save in cases prescribed by law.chanrobles virtual law library
    a.  Engineering
      i.     Aeronautical Engineering
      ii.    Agricultural Engineering
      iii.   Chemical Engineering
      iv.  Civil Engineering
      v.   Electrical Engineering
      vi.  Electronics and Communication Engineering
      vii.  Geodetic Engineering
      viii. Mechanical Engineering
      ix.  Metallurgical Engineering
      x.   Mining Engineering
      xi.  Naval Architecture and Marine Engineering
      xii.  Sanitary Engineering
    b.  Medical and Allied Professions
      i.    Medicine
      ii.   Medical Technology
      iii.  Dentistry
      iv.  Midwifery
      v.   Nursing
      vi.  Nutrition and Dietetics
      vii. Optometry
      viii. Pharmacy
      ix.  Physical and Occupational Therapy
      x.   Radiologic and X-ray Technology
      xi.   Veterinary Medicine
    c.   Accountancy
    d.   Architecture
    e.  Criminology
    f.   Chemistry
    g.  Customs Brokerage
    h.  Environmental Planning
    i.   Forestry
    j.   Geology
    k.  Interior Design
    l.   Landscape Architecture
    m. Law
    n.  Librarianship
    o.  Marine Deck Officers
    p.  Marine Engine Officers
    q.  Master Plumbing
    r.   Sugar Technology
    s.  Social Work
    t.  Teaching
        [Article XIV, Section 14 of the Constitution; Section 1 of R. A. No. 5181]
3.  Retail Trade [Republic Act No. 1180]

4.  Cooperatives [Chapter III, Article 26 of R. A. No. 6938]

5.  Private Security Agencies [Section 4 of R. A. No. 5487]

6.  Small-scale Mining [Section 3 of R. A. No. 7076]

7.  Utilization of marine resources in archipelagic waters, territorial sea, and exclusive economic zone [Article XII, Section 2 of the Constitution]

8.  Ownership, operation and management of cockpits [Section 5 of Presidential Decree No. 449]

9.  Manufacture, repair, stockpiling and/or distribution of nuclear weapons [Article II, Section 8 of the Constitution]

10.  Manufacture, repair, stockpiling and/or distribution of biological, chemical and radiological weapons [Various treaties to which the Philippines is a signatory and conventions supported by the Philippines )1

11.  Manufacture of firecrackers and other pyrotechnic devices [Section 5 of R. A. No. 7183].chanrobles virtual law library
      _______________________
      [1/  Domestic investments are also prohibited (Article II, Section 8 of the Constitution; Convention/Treaties to which the Philippines is a signatory)]
      _______________________


Up to Twenty-Five Percent (25%) Foreign Equity

12.  Private recruitment, whether for local or overseas employment [Articles 27 of Presidential Decree No. 442]

13.  Contracts for the construction and repair of locally-funded public works except:

    a.  Infrastructure/development projects covered in R.  A. No. 7718; and

    b.  Projects which are foreign-funded or assisted and required to undergo international competitive bidding [Commonwealth Act 541;  Presidential Decree No. 1594; Letter of Instructions No. 630; Section 2a of Republic Act No. 7718] 

Up to Thirty Percent (30%) Foreign Equity

14.  Advertising [Article XVI, Section 11 of the Constitution]

Up to Forty Percent (40%) Foreign Equity


15.  Exploration, development and utilization of natural resources (Article XII, Section 2 of the Constitution)2
      _____________
      [2/   Full foreign participation is allowed through financial or technical assistance agreement with the President (Article XII, Section 11 of the Constitution)]
      ___________________
16.  Ownership of private lands [Article XII, Section 7 of the Constitution; Chapter 5, Section 22 of Commonwealth Act No. 141]

17.  Operation and management of public utilities [Article XII, Section 11 of the Constitution; Section 16 of Commonwealth Act No. 146]

18.  Ownership/establishment and administration of educational institutions [Article XIV, Section 2 of the Constitution]

19.  Engaging in the rice and corn administration [Presidential Decree No. 194].chanrobles virtual law library

20.  Contracts for the supply of materials, goods and commodities to government-owned or controlled corporation, company, agency or municipal corporation.  [Section 1 of R. A. No. 5183]

21.  Project proponent and facility operator of a BOT project requiring a public utilities franchise [Article XII, Section 11 of the Constitution; Section 2(a) of R. A. No. 7718]

22.  Operation of deep-sea commercial fishing vessels [Section 27 of R. A. No. 8550].chanrobles virtual law library

23.  Adjustment Companies [Section 323 of Presidential Decree No. 612 as amended by Presidential Decree No. 1814].chanrobles virtual law library

24.  Ownership of condominiums [Section 5 of R. A. No. 4726].chanrobles virtual law library
 

Up to Sixty Percent (60%) Foreign Equity


25.   Financing companies regulated by the Securities and Exchange Commission [SEC] [Section 6 of R. A. No. 5980 as amended by R. A. No. 8556]3
      _____________
      [3/   No foreign national may be allowed to own stock in financing companies or investment houses unless the country of which he is a national accords the same reciprocal rights to Filipinos [Section 6 of R. A. No. 5980 as amended by R. A. No. 8556; Presidential Decree No. 129 as amended by R. A. No. 8366].
      ___________________.chanrobles virtual law library
26.  Investment houses regulated by the SEC [ Presidential Decree No. 129 as amended by R. A. No. 8366].chanrobles virtual law library


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