Foreigners may secure seats in the board of directors of Philippine corporations with foreign equity and engaged in public utilities and in partially-nationalized activity based only on their “actual” and “allowable” shares, the Department of Justice said in a legal opinion addressed to the Securities and Exchange Commission. Justice Secretary Jesus Crispin Remulla said that […]
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Incredible accomplishment. That one, after the Philippine Coast Guard removed a “floating barrier” installed by China southeast of Bajo de Masinloc or Scarborough Shoal, which lies within Manila’s 200-mile Exclusive Economic Zone. Philippine authorities, complying with the instructions of President Ferdinand Marcos Jr., carried out “a special operation” to get rid of the estimated 300-meter […]
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