Practice question
Section 24 of RA 11659 restricts investments by entities controlled by or acting on behalf of foreign governments or foreign state-owned enterprises in which businesses?
- Public services classified as public utilities or critical infrastructure
- Every retail store regardless of activity
- Only corporations listed on a foreign exchange
- Only businesses with no Philippine operations
- Only privately owned foreign restaurants
Legal references
- RA 11659, Sections 2(g) and 24; https://lawphil.net/statutes/repacts/ra2022/ra_11659_2022.html
- 2023 IRR of RA 11659, Section 44; https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
Answer this question in flashcards to review your response and continue practicing.