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    <title>Government Approves Four (4) Proposals of Foreign Direct Investment (FDI)</title>
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    <description>Government approved four FDI proposals following FIPB recommendations covering 100% foreign equity acquisition with purchase and fresh subscription, and post-facto approvals for intra group share transfers and amalgamation schemes in publishing and telecom; approvals are sector specific and apply post facto where prior consent was required. Four other proposals were deferred for further scrutiny, involving requests for post facto authorisation of additional subsidiary acquisition, conversion of imported capital goods into equity, entry into regulated telecom services, and foreign national equity subscription in a newly incorporated company.</description>
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