On 6 October 2017, the Phil. Retailers Association
called a Special Meeting with available Board
Members and select Members to discuss the
alarming issue of the government’s intention to
open the retail industry some more to foreign
investors. From a minimum investment of
$2.5M for foreigners to be 100% owners of a
Retail Operation, suggestion was to lower this
amount to $200,000 only! Naturally, this alarmed
the retail industry. PAGASA represented the
food retailing sector of this industry at the
Meeting.
On 6 October 2017, the Phil. Retailers Association
called a Special Meeting with available Board
Members and select Members to discuss the
alarming issue of the government’s intention to
open the retail industry some more to foreign
investors. From a minimum investment of
$2.5M for foreigners to be 100% owners of a
Retail Operation, suggestion was to lower this
amount to $200,000 only! Naturally, this alarmed
the retail industry. PAGASA represented the
food retailing sector of this industry at the
Meeting.
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