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SPECIAL MEETING WITH PRA BOARD & MEMBERS |
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Friday, 06 October 2017 |
 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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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.