Realty By JM

Salt and Light of Philippine Realty

Transpacific Partnership Setback? The Fair Competition Act Explained.

ICYMI

Here is a brief explanation and update on the Philippine Fair Competition Act. Let me just tell in advance Pres. Aquino did not change his stand on Foreign ownership restrictions in the Constitution. It is just there are high rank officials who think relaxing said restrictions is necessary in commencing the Transpacific Partnership. Learn more in the video below.

Do you think this non-resolution is a setback? Are you for or against relaxing Foreign Ownership restriction? Is the Philippines ready for this level of competition?

Source: ANC (http://www.abs-cbnnews.com/video/business/06/15/15/what-fair-competition-act)

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