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.
"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.
Escudero says new lease law to make PH more appealing to investors
He thanked President Ferdinand Marcos Jr. for supporting the measure.
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://ok-wu-el-ulm.gyglfs.com
Escudero says new lease law to make PH more appealing to investors
- Students, faculty file complaint against Universidad de Manila president
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Marcos soon to create commission to probe flood control projects
- India will not 'bow down,' trade minister says after US tariffs
- May 12 poll results accurate, credible - OCTA Research
- Inflation up 1.5% in August
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Thai opposition's kingmaking summit fails to back new PM
- P1.7-M shabu seized in Taguig buy-bust
- Trump says he wants to meet North Korea's Kim again
