Soon a relaxation of laws for foreign retailers in the Philippines ?

Eager to attract global investment, the Philippines’ government could grant full ownership of the business to foreign retailers whose minimal capital exceeds US$ 200,000. This would replace thecurrent limit of US$2.5 million paid-up capital, one of the highest thresholds in Asia. In Singapore, foreign retailers can fully own a store without minimum capital. In Thailand, they need a minimum capital of only US$598,000 to have full ownership of a store.