Try GOLD - Free
FFCCCII hails 99-yr foreign lease bill OK
Manila Bulletin
|June 13, 2025
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 (ROW) process.
FFCCCII, which comprises over 170 business and trade associations, said the two bills will help spur more foreign investments into the country and fast-track infrastructure projects that are a boon for the economy.
"These landmark legislative measures mark a decisive step forward in enhancing the Philippines' economic dynamism, global competitiveness, and attractiveness as a prime investment destination," the group said in a statement, signed by its president, Victor Lim.
Both the Senate and the House of Representatives earlier approved the bicameral conference committee reports embodying the reconciled versions of the two bills.
The two bills are identified as priority measures of the Marcos Jr. administration under the Legislative-Executive Development Advisory Council (LEDAC).
This story is from the June 13, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Angara optimistic he won't be part of rumored Cabinet reshuffle
Department of Education (DepEd) Secretary Sonny Angara on Friday, January 9, expressed optimism that he would not be included in any rumored Cabinet reshuffle, stressing that Malacañang has not confirmed such changes.
1 mins
January 11, 2026
Manila Bulletin
Marcos closely monitoring case of relieved Army official
President Marcos is closely monitoring the situation involving a Philippine Army (PA) officer who was relieved after allegedly withdrawing support from the President, Malacañang said Friday evening, Jan. 9.
1 min
January 11, 2026
Manila Bulletin
Title hopes dashed
Eala succumbs to Chinese rival in Auckland semis
1 mins
January 11, 2026
Manila Bulletin
Longest Traslacion ever
The annual Traslacion of the Nuestro Padre Jesus Nazareno drew an unprecedented turnout of devotees this year, with crowd estimates reaching 9.6 million people, and lasting for a remarkable 30 hours and 43 minutes, making it the longest in the history of the storied procession.
7 mins
January 11, 2026
Manila Bulletin
150 rockfall events recorded as Mayon Volcano remains under Alert Level 3 – Phivolcs
A total of 150 rockfall events were recorded at Mayon Volcano from 12 a.m. on Jan. 9 to 12 a.m. on Jan. 10, as the volcano remains under Alert Level 3 the Philippine Institute of Volcanology and Seismology (Phivolcs) reported.
1 min
January 11, 2026
Manila Bulletin
94% of Filipinos believe corruption in gov't is widespread – Pulse Asia
A huge majority of Filipino adults believes corruption remains deeply entrenched in government, according to the latest nationwide survey by Pulse Asia Research, Inc., conducted amid a series of high-profile corruption scandals and political controversies in late 2025.
2 mins
January 11, 2026
Manila Bulletin
The human touch: PH businesses choose people over automation
The local labor market is currently caught between two eras.
3 mins
January 11, 2026
Manila Bulletin
Between sky and forever
Timberland Highlands Resort marks its debut in the wedding scene with the Pablo Mendez III bridal collection
3 mins
January 11, 2026
Manila Bulletin
BSP mandates 0.035% fee for non-bank trusts
All non-bank financial institutions (NBFIs) with trust authority have been ordered by the Bangko Sentral ng Pilipinas (BSP) to pay an annual supervision fee (ASF) for the central bank’s periodic assessments of these institutions’ trust business.
1 mins
January 11, 2026
Manila Bulletin
Trump promises oil executives 'total safety' if they invest in Venezuela
President Donald Trump on Friday called on oil executives to rush back into Venezuela as the White House tries to quickly secure $100 billion in investments to fix the country's neglected infrastructure and fully tap into its expansive reserves of petroleum.
2 mins
January 11, 2026
Listen
Translate
Change font size