THE government wants to extend the lease contract period under the law to 99 years from 75 for foreign investors in special economic zones by amending the Foreign Investments Act of 1991 (FIA).
“No one has complained about 75, but we want it because we’re competing with other economic zones because that’s the trend today in special economic zones (SEZs),” Philippine Economic Zone Authority (PEZA) General Manager Charito Plaza said over the weekend.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.