Bill Type
Congress Name
Long Title
AN ACT LIBERALIZING BUSINESS IN THE RETAIL TRADE SECTOR OF THE PHILIPPINES, THEREBY REPEALING REPUBLIC ACT NO. 1180 AND FOR OTHER PURPOSES
Date filed
July 7, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00788 |
| FULL TITLE : AN ACT LIBERALIZING BUSINESS IN THE RETAIL TRADE SECTOR OF THE PHILIPPINES, THEREBY REPEALING REPUBLIC ACT NO. 1180 AND FOR OTHER PURPOSES |
| ABSTRACT : "Retail Trade Act of 1999". Ensures a reasonable measure of protection for small retail businesses by providing that retail business with paid-up capital of less than P5 Million Pesos shall be one hundred (100%) Filipino-owned and allowing only up to forty-nine (49%) percent foreign equity participation in enterprises with apaid-up capital of at least P5 Million but not more than P10 Million. |
| PRINCIPAL AUTHOR/S : RECTO, RALPH G. |
| DATE FILED : 1998-07-07 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB07602 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 1998-07-29 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS |
Abstract
"Retail Trade Act of 1999". Ensures a reasonable measure of protection for small retail businesses by providing that retail business with paid-up capital of less than P5 Million Pesos shall be one hundred (100%) Filipino-owned and allowing only up to forty-nine (49%) percent foreign equity participation in enterprises with apaid-up capital of at least P5 Million but not more than P10 Million.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.