EXECUTIVE ORDER NO. 98

: The main purpose of Executive Order No. 98 is to promulgate the Ninth Regular Foreign Investment Negative List, which specifies the investment areas or activities reserved for Philippine nationals or limited in foreign equity participation.
: Republic Act No. 7042, also known as the Foreign Investments Act of 1991, as amended by RA 8179, mandates the formulation of the Regular Foreign Investment Negative List.
: It refers to the list of investment areas and/or activities reserved for Philippine nationals, including the limitations on foreign equity participation percentages in these areas.
: All previous issuances, orders, rules, regulations, or parts thereof inconsistent with this Executive Order are repealed, amended, or modified accordingly.
: It took effect fifteen (15) days after its publication in a newspaper of general circulation following its signing on October 29, 2012.
: The Separability Clause ensures that if any provision of the Executive Order is declared invalid or unconstitutional, the other provisions not affected shall remain valid and enforceable.
: Benigno S. Aquino III was the President who signed Executive Order No. 98.
: Section 1 restricts foreign investors to the percentage limits on equity participation indicated in the Ninth Regular Foreign Investment Negative List for specific investment areas reserved to Philippine nationals.