Hopefully they remove any law that restricts foreigners to only owning a percentage. If I invest 100% I should own 100%. Anything less and I'm not interested.
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ChMacQueen DI Forum Patron Highly Rated Poster Showcase Reviewer Veteran Army
I'm curious on the laws being changed to allow better foreign ownership of business's and property including land. However I'm also worried about the risk of the Philippines becoming foreign owned where most locals could be left out of ownership other then the areas no one else would want. I don't see the problem as the small foreigner living here who wants to own a house and the land that its and their business. The problem is huge foreign corporations and firms buying up tons of land as they have very deep pockets and then bleeding everyone else dry with insane leases and rental prices. Then also foreign big business's coming into a business sector and with their money and power taking over the entire business sector of an area forcing small business's out (think of Walmart and such forcing out small family owned grocery stores and so forth because no way to compete on prices and the big business can easily afford to deal at a loss for months or a year+ to drive out competition).
Just hoping they don't go the route a number of other countries have gone allowing the country to get foreign owned outright.- Like x 1
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