Both political and economic experts since the Arroyo administration have long called for the need and addressed the advantages of a detailed National Land Use Act, also known as NALUA.
“One of the objectives is for our friends from all parts of the world — who carry with them the right resources and good intentions for our country — to immediately see an organized, prepared and detail-oriented Philippines ripe and ready for their investments,” Matugas said.
A particular focus of the NALUA bill are the ten “special areas of concern”: forestlands and watershed; coastal zones; settlements; protected areas; agricultural lands; energy resources; industrial development areas; tourism development areas; infrastructure development areas; agro-industrial development areas.“Apart from the obvious economic wins, this new national land policy we’ve developed is necessary in providing a sustainable use of our land resources,” Matugas continued.
Thoroughly documented is the influx of international investment as a crucial part of President Bongbong Marcos’ national economic plan. In his first 100 days since being elected to the Presidency, the state-sponsored Philippine News Agency reports that the Marcos administration had gathered a total of over P1 trillion in foreign business commitments from countries such as Singapore, Indonesia and the United States, with an estimated of almost 140,000 potential jobs to be created.
Marcos has now been in office for over ten months and it is likely that both the amount of monetary pledges and potential Filipino jobs have risen substantially. “We’re confident that the NALUA bill will make it through House of Representatives,” said the lawmaker from Siargao. “We’re hoping that our friends in the Senate will also realize the immense advantages this bill will bring to all Filipinos and ultimately help us see this through.”
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