President Marcos has signed into law Republic Act No. 12252, amending the Investors’ Lease Act to allow foreign investors to lease private lands in the Philippines for up to 99 years, under stricter safeguards and accountability measures. The new measure, approved on Sept. 3, aims to encourage...
Global investors are flocking to the Philippines due to the country 's booming luxury tourism sector and promising high-return investment opportunities, the Department of Tourism (DOT) said. DOT Secretary Christina Garcia-Frasco said incentives under the CREATE More Act, rising hotel demand,...
Senate President Francis “Chiz” Escudero on Sunday, November 10 said he expects the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to generate new jobs domestically and attract more foreign investments in the...
A Thai fiber cement manufacturer is planning to invest P2.9 billion in the Philippines for the production of fiber cement building materials for local and export markets. President Ferdinand 'Bongbong' Marcos Jr. meets SHERA Public Company Ltd top executives in Vientiane, Laos on the sidelines of...
Iloilo 1st district Rep. Janette Garin (Ellson Quismorio/ MANILA BULLETIN) House Deputy Majority Leader and Iloilo 1st district Rep. Janette Garin says the investment environment in the Philippines needs to improve further in order to compete...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez can't help but feel bullish about the Philippines' prospects for foreign investments following the country’s hosting of the two-day World Economic Forum (WEF)...
President Marcos has invited for foreign investors to join the Philippines in its "exciting new phase" towards economic expansion. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) As he made known the steps the country has taken in terms of its economic growth, Marcos said there are many...
Quezon 2nd district Rep. David "Jay-jay" Suarez (Ellson Quismorio/ MANILA BULLETIN) House Deputy Speaker and Quezon City 2nd district Rep. David “Jay-Jay” Suarez has once again labeled President Marcos as the country’s “best marketing...
Cagayan de Oro City 2nd district Rufus Rodriguez (Facebook) Once the proposed economic amendments to the 1987 Constitution are ratified into law, Congress would gain the power to exclude China and other perceived “risky” foreign investors....
Lanao del Sur 1st district Rep. Zia Alonto Adiong (PPAB) As far as Assistant Majority Leader Rep. Zia Alonto Adiong is concerned, there is nothing to fear when it comes to preserving Philippine nationalism once the education sector is opened to foreign investors....
Congressional Policy and Budget Research Department (CPBRD) Deputy Secretary General Dr. Romulo Emmanuel Miral Jr. (PPAB) An expert from the House of Representatives research department said the only way the Philippines can attract foreign investments is through...
(MANILA BULLETIN) Economists, industry leaders, and lawmakers expressed their support for the removal of restrictions on foreign investments on the rice and corn industry in a bid to boost food security and productivity in the country. During a roundtable...
