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Keeping foreign ownership cap to 'impact' investments: Euro chamber

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ABS-CBN News

MANILA - The playing field will remain uneven if the 40-percent cap on foreign ownership of business is retained under a federal Philippines, the head of a European business group said Tuesday.&quot;If it stays it will certainly impact the foreign investments and the FDI has been going down and down and down and partly attributed to the restrictions that we see,&quot; European Chamber of Commerce in the Philippines president Guenter Taus told ANC&#x27;s Market Edge.

The playing field will remain uneven if the 40-percent cap on foreign ownership of business is retained under a federal Philippines, the head of a European business group said Tuesday.

The playing field will remain uneven if the 40-percent cap on foreign ownership of business is retained under a federal Philippines, the head of a European business group said Tuesday.