MANILA -- The Philippines is set to start relaxing some of Asia's toughest foreign investment restrictions, beginning with easing of entry rules for foreign retailers.
President Rodrigo Duterte has signed a law that makes it easier for foreign retailers to set up shop in the country. The law, which will take effect 15 days after publication on Jan. 6, has been hailed by its supporters as a competitiveness booster, but local players see it as an industry killer.
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