People wearing face masks as protection against the coronavirus disease (COVID-19) attend a mass during Ash Wednesday, at Baclaran Church, in Paranaque City, Metro Manila, Philippines, March 2, 2022. - Reuters
MANILA, March 4 (Reuters): Philippines President Rodrigo Duterte approved a law allowing foreign investment in more business sectors, his office said on Friday, in a bid to boost jobs and growth in the Sout-Eheast Asian economy.
The law, which amends a three-decade old foreign investment rule, allows for the first time international players to set up and fully own small and medium-sized businesses, and hold 100% equity in firms in sectors where they could already operate.
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