Easing land rules for foreigners could boost renewables industry - BusinessWorld Online

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The Philippines’ plans to develop its renewables industry will require an easing of land ownership restrictions currently in place for foreigners, Bain & Co. and Temasek Holdings Ltd. said in a report.

The “Southeast Asia’s Green Economy 2022: Investing behind new realities” report, prepared with the participation of Microsoft Corp., said investment will hinge on foreign companies being able to access land.

“ slowest progress among Southeast Asian nations towards a carbon tax. ongoing discussions over the last few years but no concrete decision and/or implementation plan,” the report said. In March, the Trade department announced that it is pushing for the implementation of a zero-tariff regime for imported EVs to encourage adoption.

 

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