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European bizman says easing foreign ownership limits can boost PH infra

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<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1397948" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA - Removing or easing foreign ownership restrictions on builders and infrastructure firms can help the country upgrade its infrastructure, a European businessman said Wednesday.</p><p>Guenter Taus said European companies are willing to contribute to the government&#x27;s massive infrastructure push but are held back by foreign ownership limits.</p><p>&quot;It&#x27;s really the stumbling block. Why we don&#x27;t see more development faster is because if you plow in a few million, a few billion dollars, you want to be in control of the company,&quot; Taus said in an interview with ANC&#x27;s Market Edge.</p><p>Taus said that while they welcome the changes to the Foreign Investment Negative List, these were still not enough.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/10/31/18/duterte-updates-investment-list-for-foreigners-filipino-nationals">Duterte updates investment list for foreigners, Filipino nationals</a></li></ul>

<p>Removing or easing foreign ownership restrictions on builders and infrastructure firms can help the country upgrade its infrastructure, a European businessman said Wednesday.</p>

Removing or easing foreign ownership restrictions on builders and infrastructure firms can help the country upgrade its infrastructure, a European businessman said Wednesday.