Why should the Philippine government lift the ban on foreign land ownership?
That ban does not make sense! 1. De facto foreigners are owners of land in the Philippines anyway. They just must present a philippine dummy to give his name! For example, the new Terminal 3 of the NAIA was officially owned with 60% of of a Filippino and with 40% by the German Fraport Company, while in fact the Filippino partner brought into the company only 10 million US dollars, which he borrowed from Fraport and never paid back, while Fraport brought more than 360 million dollars into the company! But that is only one example. 2. The Philippines want business investors to invest money in the Philippines and create jobs and pay taxes. But why should they invest in something, that does not belong to them? 3. People say, if foreigners may buy and own land in the Philippines, the Filippinos will end up as squatters in their own land, which is plain nonsense! In fact, the opposite is true! Millions of Filippinos are now squatters in their own land precisely because of that ban, because n
