Versuchen GOLD - Frei
RoW, 99-year lease bills named PHL legislative priorities
Business World Philippines
|May 23, 2025
THE GOVERNMENT has designated as priority measures bills on right-of-way (RoW), extended investor leases, and the mining fiscal regime, according to Secretary Frederick D. Go, the Special Assistant to the President for Investment and Economic Affairs.
“What are the future priorities of this administration, at least those that fall under my space? One is the right-of-way bill,” Mr. Go said in his keynote address at the BusinessWorld Economic Forum on Thursday.
He said infrastructure projects are often delayed because of right-of-way issues.
“Thankfully, the Transportation Secretary is now prioritizing the acquisition of right-of-way before starting the projects. I think that’s really the right sequence, the right way to undertake an infrastructure project.”
The proposed Accelerated and Reformed Right-of-Way (ARROW) Act is currently awaiting second reading at the Senate.
It seeks to amend Republic Act No. 10752 or the Right-of-Way Act to “facilitate the easier acquisition of right-of-way sites or locations for private infrastructure projects for public use to ensure a more efficient delivery of public services,” according to the bill.
“We have assurances from the legislature that the right-of-way bill is a priority bill and it will be passed in this 19th Congress,” Mr. Go added.
“It’s a very important bill for us to really push infrastructure projects forward. Infrastructure is not just roads, not just rails. It also includes necessary infrastructure like power, water, etc.”
The government is planning to allocate 5-6% of gross domestic product (GDP) to infrastructure spending.
President Ferdinand R. Marcos, Jr. has said that right-of-way issues have hindered flagship infrastructure projects.
Diese Geschichte stammt aus der May 23, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
India tightens pollution curbs as Delhi’s air quality worsens
India tightened antipollution measures in Delhi and adjoining areas after the capital’s air quality deteriorated to the season’s worst.
1 min
December 15, 2025
Business World Philippines
Philippine third-quarter external debt tops $149 billion in new record
OUTSTANDING external debt hit a new record of $149.093 billion in the third quarter, up 6.8% from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported.
1 mins
December 15, 2025
Business World Philippines
Luvpark's smart parking app aims to ease motorists' struggles
A NEW Filipino-made app seeks to simplify parking among motorists.
2 mins
December 15, 2025
Business World Philippines
Corruption and state capture
YELLOW PAD NATHAN GILBERT QUIMPO
4 mins
December 15, 2025
Business World Philippines
Taiwan official backs AI-driven modernization of Philippine harbors
THE Philippines needs to tap artificial intelligence (AI) in port management to modernize its harbors while also easing traffic to help streamline shipping activity, an official of the company running Taiwan's Kaohsiung port said.
2 mins
December 15, 2025
Business World Philippines
BSP securities fetch lower yields
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) one-month securities dropped further on Friday as the offer was oversubscribed for a third straight week.
3 mins
December 15, 2025
Business World Philippines
ICTSI shares climb on 25-year South Africa port terminal deal
SHARES of International Container Terminal Services, Inc. (ICTSI) climbed last week after it secured a 25-year concession to operate South Africa’s busiest state-owned port terminal, lifting trading activity and reinforcing investor confidence in its overseas expansion strategy.
3 mins
December 15, 2025
Business World Philippines
T-bill rates may drop on BSP cut
RATES of the Treasury bills (T-bills) on offer this week could end slightly lower after the Bangko Sentral ng Pilipinas (BSP) lowered borrowing costs again and with the US Federal Reserve’s policy path still uncertain.
2 mins
December 15, 2025
Business World Philippines
ADB preparing over $4 billion in lending to Philippines in 2026
THE Asian Development Bank (ADB) is committed to providing more than $4 billion in loan financing to the Philippines in 2026, targeting transportation, health, and education programs.
3 mins
December 15, 2025
Business World Philippines
All aboard the Changan Nevo convoy
IT'S BEEN many years since I last paid a visit to Villa Escudero Plantations and Resort - a popular go-to destination for Filipinos taking their balikbayan friends out for some pasyal (sightseeing).
3 mins
December 15, 2025
Listen
Translate
Change font size
