Intentar ORO - Gratis

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.

- By Luisa Maria Jacinta C. Jocson Senior Reporter

RoW, 99-year lease bills named PHL legislative priorities

“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.

MÁS HISTORIAS DE Business World Philippines

Business World Philippines

Business World Philippines

ACEN-Citicore JV secures P2.59-B loan for solar operations

ACEN CORP. and Citicore Solar Energy Corp.'s joint venture (JV) Greencore Power Solutions 3, Inc. has secured a P2.59-billion loan from the Development Bank of the Philippines (DBP), aimed at supporting the Pampanga solar plant and its renewable energy operations, the companies said.

time to read

1 min

December 12, 2025

Business World Philippines

DragonFi Securities partners with CIMB Bank PH for in-app savings account

DRAGONFI Securities, Inc. has partnered with CIMB Bank Philippines, Inc. (CIMB Bank PH) to launch a savings account for traders that is accessible within its app.

time to read

1 mins

December 12, 2025

Business World Philippines

Taiwan eyes closer economic links with PHL amid China tensions

Taiwan is looking to bolster its economic ties with the Philippines through potential engagements and industry expansion, as both grapple with shared security concerns in the region, Taiwanese officials said.

time to read

3 mins

December 12, 2025

Business World Philippines

P20-per-kilo rice program rolled out to 82nd province

THE Department of Agriculture (DA) said it completed the nationwide rollout of its P20-per-kilo rice program, which is now present in all 82 provinces following launches in Sultan Kudarat and Maguindanao.

time to read

1 min

December 12, 2025

Business World Philippines

ADB approves $500-million loan to support PHL'S blue economy

THE ASIAN Development Bank (ADB) has approved a $500-million (around P29.56-billion) policy-based loan to support the development of the Philippines' blue economy and improve the resilience of coastal communities.

time to read

2 mins

December 12, 2025

Business World Philippines

Business World Philippines

We are hardwired to sing and it’s good for us, too

ON THE FIRST SUNDAY after being named leader of the Catholic Church in May 2025, Pope Leo XIV stood on the balcony of St. Peter’s Basilica in Rome and addressed the tens of thousands of people gathered.

time to read

4 mins

December 12, 2025

Business World Philippines

Business World Philippines

PNB raises P15.7 billion from sustainability bond offering

PHILIPPINE National Bank (PNB) has raised P15.7 billion from the sale of dual-tranche bonds to fund sustainable initiatives.

time to read

1 mins

December 12, 2025

Business World Philippines

Flood control fiasco imperils PHL credit rating-Fitch Ratings

THE Philippine economy continues to bear the brunt of the ongoing flood control corruption scandal, Fitch Ratings said, noting that further unrest could spill over to the country's credit rating.

time to read

3 mins

December 12, 2025

Business World Philippines

Why some countries stay happier

My wife and I arrived in Copenhagen, Denmark on a gray afternoon after a business trip in Paris, expecting the usual European chill, yet what struck us first was not the weather but the calmness of life unfolding around us, in contrast to the hum of Paris and the chaos in Manila.

time to read

4 mins

December 12, 2025

Business World Philippines

Business World Philippines

A risk conscious pause for monetary policy?

A rate cut may be misinterpreted, not as support for growth, but as a reaction to worsening political conditions or an attempt to mask deeper structural issues.

time to read

6 mins

December 12, 2025

Listen

Translate

Share

-
+

Change font size