The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) warmly applauds and wholeheartedly welcomes the long-awaited approval by Congress of two pivotal economic reform bills—the 99-year lease of land for foreign investors and the Right of Way Bill. These landmark legislative measures mark a decisive step forward in enhancing the Philippines’ economic dynamism, global competitiveness, and attractiveness as a prime investment destination. 

For years, the business community has advocated for these critical reforms, recognizing their transformative potential in unlocking vast opportunities for infrastructure development, foreign direct investments, and sustainable economic growth. The extension of land lease terms to 99 years provides much-needed stability and confidence to global investors, aligning the Philippines with regional peers and fostering long-term capital inflows. Meanwhile, the Right of Way Bill streamlines infrastructure projects, ensuring timely execution and mitigating bureaucratic delays that have historically impeded progress. 

This legislative milestone is a testament to the government’s commitment to fostering a more investor-friendly climate, one that prioritizes economic pragmatism and forward-looking policy-making. We commend our lawmakers for their dedication to these reforms and urge continued momentum in advancing similarly bold, growth-oriented measures. 

As we celebrate this progress, the FFCCCII calls for sustained focus on meaningful socio-economic reforms that promote inclusive prosperity—policies that empower micro, small, and medium enterprises (MSMEs), enhance ease of doing business, and strengthen the Philippines’ position in global trade and investment networks. Moreover, we encourage greater emphasis on trade, investments, and tourism promotion within the country’s diplomatic and political discourse, ensuring that economic diplomacy remains a cornerstone of our international engagements. 

The Filipino Chinese business community stands ready to collaborate with both the public and private sectors in realizing the full potential of these reforms. Together, let us seize this momentum to build a more resilient, competitive, and prosperous Philippines—one that thrives on innovation, inclusivity, and sustainable development. 

Victor Lim 

President 

Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII)