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                    [ArticleID] => 323010
                    [Title] => Favila welcomes foreign investment in gaming sector
                    [Summary] => Trade and Industry Secretary Peter B. Favila welcomes the entry of foreign investments in the gaming industry and is amenable to granting flexibility on the ownership ceiling for such investments.


At present, however, Favila said, Philippine law allows only up to 40-percent foreign equity for all forms of gambling operations.


Favila was the guest speaker Wednesday at the Asia’s Gem Gaming and Investment Conference held at the World Trade Center.


                    [DatePublished] => 2006-02-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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GEM GAMING AND INVESTMENT CONFERENCE

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                    [Title] => Favila welcomes foreign investment in gaming sector
                    [Summary] => Trade and Industry Secretary Peter B. Favila welcomes the entry of foreign investments in the gaming industry and is amenable to granting flexibility on the ownership ceiling for such investments.


At present, however, Favila said, Philippine law allows only up to 40-percent foreign equity for all forms of gambling operations.


Favila was the guest speaker Wednesday at the Asia’s Gem Gaming and Investment Conference held at the World Trade Center.


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Favila welcomes foreign investment in gaming sector

By Marianne V. Go | February 24, 2006 - 12:00am

Trade and Industry Secretary Peter B. Favila welcomes the entry of foreign investments in the gaming industry and is amenable to granting flexibility on the ownership ceiling for such investments. At present, however,...

Business