Connect with us

Business and Economy

Dominguez pushes for upgrades in PHL land policies

Published

on

Finance Secretary Carlos Dominguez III on Wednesday said the country's land policies and governance must be enhanced to address issues like landlessness. (Photo: KING RODRIGUEZ/ Presidential Photo)

Finance Secretary Carlos Dominguez III on Wednesday said the country’s land policies and governance must be enhanced to address issues like landlessness. (Photo: KING RODRIGUEZ/ Presidential Photo)

MANILA—Finance Secretary Carlos Dominguez III on Wednesday said the country’s land policies and governance must be enhanced to address issues like landlessness.

In his speech during the Conference on Sustainable Land Governance in Manila Wednesday, Dominguez admitted that the country’s land governance policies “are in urgent need for upgrading.”

“We need to bring coherence to the conflicting provisions between remedial pieces of legislation such as the Indigenous People’s Rights Act and existing property rights. We need a clear policy regarding habitation in danger zones. We need to rethink agrarian reform in the light of continuing backwardness of our agriculture, ” he said.

Dominguez said that since the country is an archipelago there are smaller portions of arable land for the people compared to other countries in the region.

This was aggravated by the strong rise of population and development of areas sans the lack of proper urban planning, he said.

The Finance chief said demand for land would further rise on higher needs by commercial developers, agricultural estates, industrial and export processing zones and extractive industries.

“The competition will likely encourage land prices to spiral unless we improve land governance. If land becomes too expensive it will be inaccessible to the homeless and raise the costs of production thereby diminishing our competitiveness, ” he said.

Dominguez said the issue of poor land governance in Metro Manila, for one, would likely affect other areas in the country, thus, the need to address this as soon as possible.

Meanwhile, he disclosed that the Department of Finance (DOF) has started to design a program targeted to reduce estate taxes “to encourage documentation of land assets and free them up for productive use.”

“We are encouraging the local government units to update their land valuations as always measure to discourage idle land as much as to improve public revenues, ” he added.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

test tube bloods test tube bloods
Health6 hours ago

Infected blood scandal – what you need to know

The infected blood scandal has been hailed the worst treatment disaster in the history of the NHS. Over 3,000 people...

hands holding pregnancy test hands holding pregnancy test
Health6 hours ago

Britain’s abortion laws are still in the Victorian era, and women are the collateral damage

A vote on ending prosecutions for abortion appears to have been delayed again. MPs have been expecting to vote on...

sleeping woman and electric fan sleeping woman and electric fan
Environment & Nature6 hours ago

Extreme heatwaves in south and south-east Asia are a sign of things to come

Since April 2024, wide areas of south and south-east Asia, from Pakistan to the Philippines, have experienced prolonged extreme heat....

News6 hours ago

Beijing is walking a fine line between support for Russia and not angering the west too much

Russia’s Vladimir Putin and China’s Xi Jinping have announced they will work together more closely to offset US pressure as...

British Prime Minister Rishi Sunak British Prime Minister Rishi Sunak
News6 hours ago

UK ‘taking back control’ of its borders risks rolling back human rights protections

The High Court in Belfast has ruled that key elements of the UK’s Illegal Migration Act are incompatible with the...

bottles of milk bottles of milk
Environment & Nature6 hours ago

What is pasteurization? A dairy expert explains how it protects against foodborne illness, including avian flu

Recent reports that the H5N1 avian flu virus has been found in cow’s milk have raised questions about whether the...

Slovakian Prime Minister Robert Fico h Slovakian Prime Minister Robert Fico h
News6 hours ago

Attempted assassination of Slovak prime minister follows country’s slide into political polarization

The assassination attempt against Slovakian Prime Minister Robert Fico has been widely condemned by world leaders as an attack on...

Indian Prime Minister Narendra Modi Indian Prime Minister Narendra Modi
News6 hours ago

Modi’s anti-Muslim rhetoric taps into Hindu replacement fears that trace back to colonial India

The world’s largest election is currently under way in India, with more than 960 million people registered to vote over...

Taylor Swift performing Taylor Swift performing
Entertainment6 hours ago

Canadian Taylor Swift fans are flying to Europe for cheaper concert tickets

Resale seats to shows in Sweden spotted for less than $100 Nisha Patel (new window) · CBC News Taking a trip to Europe...

Business and Economy6 hours ago

Shoppers Drug Mart ’volunteer’ job posting was an error: Loblaw

Pharmacist behind LinkedIn posting says intentions were good Sarah MacMillan (new window) · CBC News A Shoppers Drug Mart pharmacy in downtown Toronto...

WordPress Ads