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Date: July 18, 2022, 11:41 a.m.

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Date: 2022-07-19 19:48:13.000000

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Date: 2022-08-05 15:55:36.000000

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Business Opportunities for Foreigners

Published by Securities and Exchange Commission(SEC) on July 18, 2022.
Requested from SEC by E. Mauricio at 11:41 AM on July 18, 2022.
Purpose: Market Research Plan
Date of Coverage: 07/18/2021 - 07/18/2022
Tracking no: #SEC-977816340305

M.BAUTISTA July 18, 2022, 11:41 a.m.

Hi, Good Day! to whom it may concern Sending you this to seek for your assistance regarding the research study I am currently doing now. Just want to ask or confirm if foreign ownership is allowed for establishment of Sugar Manufacturing and Trading in the country. If yes please send me details about it. Looking forward for your prompt response. Thankyou so much!

I.GONZALES July 19, 2022, 7:48 p.m.

July 19, 2022 Dear Maryel, Thank you for your request dated Jul 18, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Business Opportunities for Foreigners. We received your request on Jul 18, 2022 and will respond on or before Aug 08, 2022 11:41:13 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05Nzc4MTYzNDAzMDUM, for request with ticket number #SEC-977816340305. Thank you. Respectfully, Isma Gonzales FOI Officer

A.DEL ROSARIO Aug. 5, 2022, 3:55 p.m.

August 5, 2022 Dear Maryel Bautista, Greetings! Thank you for your request dated Jul 18, 2022 11:41:13 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. You asked for Business Opportunities for Foreigners. Please be advised that foreign retailers are allowed provided that those with more than forty-percent (40%) foreign equity complies with the required paid-up capital. You may refer to this link for ready reference: https://neda.gov.ph/irr-of-ra-8762-rtla-of-2000-as-amended-by-ra-11595/?utm_source=rss&utm_medium=rss&utm_campaign=irr-of-ra-8762-rtla-of-2000-as-amended-by-ra-11595 Thank you. Respectfully, Atty. Gerardo del Rosario FOI Receiving Officer

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