AmCham Philippines Welcomes EO 113 Update to the Foreign Investments Negative List, Encourages Continued Progress on Investment Liberalization
The American Chamber of Commerce of the Philippines (AmCham) welcomes the Marcos Administration’s issuance of Executive Order No. 113 updating the Foreign Investments Negative List (FINL). This is a positive signal toward a more open and competitive investment environment, and reinforces the Philippines’ commitment to improving investor confidence at a time of intensifying competition for foreign direct investment across the region.
Recent developments in liberalizing key sectors such as telecommunications and renewable energy are important steps, and should serve as a model for broader liberalization across the economy. Foreign ownership restrictions should be narrowly defined, transparent, and aligned with clear policy objectives. Reducing structural barriers to investment will be essential to unlocking higher levels of growth and innovation.
Building on this momentum, AmCham reiterates its support for amending the economic provisions of the 1987 Constitution that continue to limit foreign investment. Greater flexibility in determining foreign ownership limits would enable Congress to respond more effectively to evolving economic priorities, strengthen the country’s competitiveness, and align the Philippines more closely with ASEAN peers in attracting investment. Sustained liberalization, coupled with clear and consistent policy implementation, will be critical to attracting long-term, high-quality investments that generate jobs, support innovation, and drive inclusive growth.
AmCham remains committed to working closely with the government and other stakeholders to advance reforms that will further open the economy and position the Philippines as a leading investment destination in the region.
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