MANILA, Philippines — Senate President Francis Escudero is confident that a new law which allows foreign investors to lease private land for up to 99 years woll make the country look more like an ideal investment destination.
Escudero says new lease law to make PH more appealing to investors
"Foreign investors have long complained about the prohibitive provisions of our laws regarding the ownership of land by non-Filipinos. Businesses will never place their funds in destinations where there is uncertainty in laws and regulations. This law will go a long way in addressing these concerns," Escudero, an author of the law, said in a statement on Saturday.
He thanked President Ferdinand Marcos Jr. for supporting the measure.
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252.
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years., This news data comes from:http://jaatklbn.erlvyiwan.com
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- PH to host seafarers’ welfare forum
- COA probes Iqbal on spending of P1.7B in one day
- Sen. Go files bills to push health, social, and labor reforms
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Israeli forces seize nearly 0,000 in West Bank raid
- Australia's mushroom murderer faces victims' family in court
- Seoul says fired warning shots after North Korean troops crossed border
- New Zealand to allow some wealthy foreign investors onto property market
