NATIONALIZED OR PARTLY NATIONALIZED CORPORATIONS

1. 100 % Filipinos
a. Mass Media
b. Retail trade with paid up capital of less than USD 2.5 Million
c. Private Security Agencies
d. Small-scale Mining
e. Utilization of marine resources in archipelagic waters, territorial sea,
and exclusive economic zone as well as small-scale utilization
resources in rivers, lakes bays, and lagoons
f. Cockpits
g. Manufacture, repair, etc. of nuclear weapons
h. Manufacture of firecrackers and other pyrotechnic products

2. Up to 20% foreign-private radio communications network

3. Up to 25% foreign
a. Private recruitment, local or abroad
b. Construction and repair of locally funded works
c. Construction of defense-related structures

4. Up to 40% foreign
a. Exploration, development and utilization of natural resources,
except, that full foreign participation is allowed through financial or
technical assistance agreement with the president.
b. Realty companies
c. Operation and management of public utilities
d. Culture, production, milling, processing, trading EXCEPT retail of
rice and corn and by-products
e. Adjustment companies
f. Sauna and steam bath houses, massage clinics and similar activities
g. Domestic market enterprises with paid-in capital stock of less than
USD 200,000

5. Up to 60% foreign
a. Financing companies
b. Investment houses