IKOT.PH
Senate President Chiz Escudero is confident 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 new law, principally authored by Escudero during the 19th Congress, was signed into law by President Ferdinand Marcos Jr. […]
Senator Chiz Escudero cautioned against the “renationalization” or reacquiring of properties formerly owned by the Philippine government, saying it might discourage foreign investors from doing business in the country. “The renationalization of formerly-owned sold state assets is a policy that the national government should be very careful about or should be more circumspect about as […]