THIRD REGULAR FOREIGN INVESTMENTS
NEGATIVE LIST [Executive
Order No. 11 dated August 11, 1998]
LIST B:
FOREIGN OWNERSHIP
IS LIMITED
FOR REASONS
OF SECURITY, DEFENSE, RISK TO HEALTH AND MORALS
AND PROTECTION
OF SMALL AND MEDIUM-SCALE ENTERPRISES
Up to Forty
Percent (40%) Foreign Equity
1. Manufacture,
repair, storage, and/or distribution of products and ingredients used in
the manufacture thereof requiring Philippine National Police [PNP] clearance:
a. Firearms [handguns
to shotguns], parts of firearms and ammunition therefor, instruments or
implements used or intended to be used in the manufacture of firearms
b. Gunpowder
c. Dynamite
d. Blasting supplies
e. Ingredients
used in making explosives:
i.
Chlorate of potassium and sodium
ii.
Nitrates of ammonium 4vxc & barium, copper [11], lead [11] calcium
and cuprite
iii.
Nitric acid
iv. Nitrocellulose
v.
Perchlorates of ammonium, potassium and sodium
vi. Dinitrocellulose
vii. Glycerol
viii. Amorphous
Phosphorus
ix. Hydrogen
Peroxide
x.
Strontium Nitrate Powder
xi. Toluene
f. Telescopic sights,
sniperscope and other similar devices [Republic Act No. 7042, as amended
by R. A. No. 8179].]
2. Manufacture, repair,
storage and/or distribution of products requiring Department of National
Defense [DND] clearance:
a. Guns and ammunition
for warfare
b. Military ordnance
and parts thereof [e.g., torpedoes, mines, depthchargers, bombs,
grenades, missiles]
c. Gunnery, bombing
and fire control systems and components
d. Guided missiles/missile
systems and components
e. Tactical
aircraft (fixed and rotary-winged), components and parts thereof
f. Space vehicles
and component systems
g. Combat vessels
(air, land and naval) and auxiliaries
h. Weapons repair
and maintenance equipment
i. Military
communications equipment
j. Night
vision equipment
k. Stimulated
coherent radiation devices, components and accessories
l. Armament
training devices
m. Others as
may be determined by the Secretary of the Department of National Defense
[R. A. No. 7042, as amended by R. A. No. 8179]
3. Manufacture and
distribution of dangerous drugs [R. A. No. 7042, as amended by R. A. No.
8179]
4. Sauna and steam
bathhouses, massage clinics and other like activities regulated by law
because of risks they may impose to public health and morals [R. A. No.
7042, as amended by R. A. No. 8179]
5. Other forms
of gambling, e.g., race track operation [R. A. No. 7042, as amended
by R. A. No. 8179]
6. Domestic market
enterprises with paid-in equity capital of less than the equivalent of
US$200,000.00 [R. A. No. 7042, as amended by R. A. No. 8179]
7. Domestic market
enterprises which involve advanced technology or employ at least fifty
(50) direct employees with paid-in equity capital of less than the equivalent
of US$100,000 [R. A. No. 7042, as amended by R. A. No. 8179].
Harvard
Computer Systems, Inc.