After being silent on the issue for a few months, Romualdez yesterday said he is in favor of allowing foreign investors to lease Philippine lands on a long-term basis.
“I’ll join Senate President Francis Escudero on his initiative here on the Foreign Investors Long-term Lease Law,” the leader of the 310-member House of Representatives told Teleradyo.
The Speaker’s stand is a deviation from the House-approved Resolution of Both Houses 7 (RBH 7), where prohibitive economic provisions in the 1987 Constitution are eased in order to entice more foreign direct investments.
“This (long-term lease) is one step where we can hopefully attract foreign investors, where they no longer need to buy lands because we will be giving them a long-term lease contract on the lands they want to utilize,” Romualdez, fully aware of the delicate issue of foreign land ownership, explained.
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Denne historien er fra July 04, 2024-utgaven av The Philippine Star.
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At 87, pope defies expectations with epic voyage
By embarking aged 87 on the farthest journey of his papacy, Pope Francis is doing something some believed impossible and seeking to silence those who doubt his ability to fulfil his role.
Collaborative partnerships for climate resilience
The Philippines tops the list of countries with the highest disaster risk, thus building our capacity to respond, bounce back and adapt to intensifying climate impacts is a nationwide priority and shared responsibility.
Embracing net zero: The Philippines' urgent call to climate action
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Republic Cement diverts 21 B plastic sachets in 2023
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Circular economy, anyone?
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'Tourism, energy investments to boost Phl competitiveness'
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NLEX NAILS HUGE WIN ON THE ROAD
It took a longer route but just the same, NLEX got the job done and outran San Miguel Beer to the finish line in Cagayan de Oro City.
Creamline, Akari arrange title showdown
Never-say-die Creamline and Akari pulled off a pair of epic five-setters at the MOA Arena last night to arrange an intriguing Premier Volleyball League Reinforced Conference championship showdown.
US, Iraq launch joint raid killing 15 IS militants
A joint operation by American and Iraqi forces killed 15 members of the Islamic State group in western Iraq, with seven US troops injured during the operation, US Central Command (CENTCOM) said Friday.
