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Gov’t outlines foreign ownership limits

MANILA, Philippines – The Philippine government has retained longstanding foreign ownership restrictions in key sectors even as it continues to implement economic reforms aimed at attracting more investments. President Ferdinand R. Marcos Jr. signed on Monday Executive Order (EO) 113, promulgating the 13th Regular Foreign Investment Negative List (FINL), which defines the scope and limits of

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Less deductions? PhilHealth mulls pause in premium collections

CEBU CITY, Philippines — Filipino workers may soon get temporary relief from salary deductions, as the Philippine Health Insurance (PhilHealth) Corporation said it is studying a possible suspension of premium contribution collections following calls from lawmakers. In a statement issued earlier this month, PhilHealth said it is consulting with government economic managers and awaiting guidance

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