What business restrictions apply to the President and Cabinet members?
High-ranking executive officials are prohibited from engaging in private business activities during their term. They cannot participate in any business or be financially interested in government contracts or franchises. This includes interests in government-owned or controlled corporations. These strict rules are intended to prevent corruption and conflicts of interest. Article VII Section 13 1987 Philippine Constitution “They shall not, during said tenure, directly or indirectly, practice any other profession, participate in any business, or be financially interested in any contract with, or in any franchise, or special privilege granted by the Government…” 03-Feb-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
