1. RETAIL TRADE LIBERALIZATION ACT
1.1. Retail Trade does not include the following:
1.1.1. Capital Php100, 000 or less
1.1.2. farmer or agriculturist
1.1.3. Sales in a restaurant
1.1.4. Sales through a single outlet
1.2. categories allowed to participate
1.2.1. Category A
1.2.1.1. Enterprises with paid-up capital of the equivalent in Philippine Peso not more than Two million five hundred thousand US dollars (US$2,500,000.00) shall be reserved exclusively for Filipino citizens and corporations wholly owned by Filipino citizens.
1.2.2. Category B
1.2.2.1. Enterprises with a minimum paid-up capital of the equivalent in Philippine Pesos of two million five hundred thousand US dollar (US$2,500,000.00) but less than Seven million five hundred thousand US dollars (US$7,500,000.00) may be wholly owned by foreigners except for the first two (2) years after the effectivity of this Act wherein foreign participation shall be limited to not more than sixty percent (60%) of total equity. On the third year, 100% ownership will be allowed
1.2.3. Category C
1.2.3.1. Enterprises with a paid-up capital of the equivalent in Philippine Pesos of Seven million five hundred thousand US dollars (US$7,500,000.00), or more may be wholly owned by foreigners: Provided, however, That in no case shall the investments for establishing a store investments for establishing a store in Categories B and C be less than the equivalent in Philippine pesos of Eight hundred thirty thousand US dollars (US$830,000.00).
1.2.4. Category D
1.2.4.1. Enterprises specializing in high-end or luxury products with a paid-up capital of the equivalent in Philippine Pesos of Two hundred fifty thousand US dollars (US$250,000.00) per store may be wholly owned by foreigners.
1.3. Qualification of foriegner
1.3.1. (US$200,000,000.00) net worth
1.3.2. (5) Retailing branches
1.3.3. (5)-year track record
1.3.4. Only nationals
2. ELECTRONIC COMMERCE
2.1. The act
2.1.1. Electronically in Government
2.1.2. Provide penalties
2.1.3. Promotes e-commerce
2.1.4. Reduce corruption
2.2. The law provides
2.2.1. Data interchange
2.2.2. Legal effect
2.2.3. Legal recognition
2.2.4. Reliability and quality
2.2.5. Acceptance, and requisites
2.2.6. Contracts of carriage of goods
2.2.7. Electronically in Government
2.2.8. Criminal liability
2.2.9. Fines and Imprisonment
2.3. Conclusion
2.3.1. The web may not be an overnight substitute for our shopping malls, which still shall remain in the near term as the favorite air conditioned recreation park of Filipinos young and old alike. "Malling" is, and shall for a long time, still be a favorite "bonding" activity. Yet, as traditional companies shift to Internet related activities in their strategy and business plans, on-line malling for Filipino consumers may become more accepted, sooner than expected.