April 18, 2026 — Manila, Philippines
The Philippine Retailers Association (PRA) issued its official statement on the 13th Regular Foreign Investment Negative List under Executive Order No. 113, recognizing the government’s continued efforts to strengthen the investment climate while safeguarding the interests of Filipino enterprises.
The updated Negative List reflects a balanced approach to retail liberalization, encouraging foreign participation while ensuring the competitiveness and sustainability of local industries. It also maintains key safeguards under existing laws governing foreign participation in the retail sector.
Below is the full statement of the Philippine Retailers Association:
