Senate President Francis “Chiz” Escudero expressed confidence that more foreign investors will look at the Philippines as an ideal investment destination with the enactment of a law that extends their land lease contract to 99 years. The measure, principally authored by Escudero during the...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) lauded Congress for approving economic reform bills that seek to extend the term of foreign leases to 99 years and streamline the rigorous right-of-way process. FFCCCII, which comprises over 170 business and trade...
The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) is strongly urging Congress to pass the 99-year land lease bill, viewing it as a historic opportunity to transform the nation into a leading investment powerhouse in Asia. In a statement on Wednesday, June 4, ...
(MANILA BULLETIN) Bayan Muna has expressed its firm opposition to a measure aiming to extend the maximum period foreigners can lease lands in the country from the previous 75 to 99 years, citing its threat to sovereignty and farmers’ rights. This, after...
The plenary hall of the House of Representatives (Dexter Barro II/MANILA BULLETIN) The House of Representatives has overwhelmingly passed on third and final reading the proposed statute that would foreign investors a lease on private...