FIFTH REGULAR FOREIGN
Order No. 139 dated October 22, 2002]
the Regular Foreign Investment Negative List consisting of Lists A
is effective for two years pursuant to Section B of R.
A. 7042 as amended and its Implementing Rules and Regulations;
there is a need to formulate a Fifth Regular Foreign Investment
List to reflect changes to Lists A
provided in new laws and recommended by concerned government agencies;
THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the Republic of
the Philippines, by virtue of the powers vested in me by Law, do hereby
1. Only the investment areas and/or activities listed in Annex
A hereof shall be reserved to Philippine nationals, and hereafter
be referred to as the Fifth Regular Foreign Investment Negative List.
extent of foreign equity participation in these areas shall be limited
to the percentages indicated in the List.
2. Any amendment to List A
may be made at any time to reflect changes instituted in specific laws
while amendments to List B
shall not be made more often than once every two years, pursuant to
A. 7042 as amended, and its Implementing Rules and Regulations.
3. All orders, issuances, rules and regulations or parts thereof, which
are inconsistent with this Order are hereby revoked or modified
4. This order shall take effect fifteen (15) days after publication.
in the City of Manila, this 22nd day of October, in the year of our
Two Thousand and Two.
By the President:chanroblesvirtuallawlibrary
ALBERTO G. ROMULO
"A" - LIST A
"B" - LIST B
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