Practice question
Under RA 11659, which is a statutory indicator that an entity is a foreign state-owned enterprise?
- Any foreign citizen is its customer.
- A foreign state has power to appoint a majority of its board.
- It imports goods from abroad.
- It accepts foreign currency.
- It employs one foreign worker.
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
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