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 news data comes from:http://rvk.xs888999.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Islamic State claims deadly attack on Pakistan rally
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Palace rejects China's 'troublemaker' tag
- Social pension eyed for indigent seniors
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- 25 countries suspend postal services to US over tariffs – UN
- Comelec probes 15 govt contractors over 2022 election donations
- DSWD allocates P6.2B for livelihood program
- 500 Internal Server Error
- MMDA prepares for PH hosting of FIVB
