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., This news data comes from:http://yamato-syokunin.com
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.
Escudero says new lease law to make PH more appealing to investors
- Israel expects 1 million Gazans to flee new offensive
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Israeli protesters demand hostage deal as cabinet meets
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- 'Mockery of science': US experts blast Trump climate report
- Marcos mum on Magalong joining independent commission for DPWH probe
- Taiwan: China illegally deploying oil rigs in its waters
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Bonoan freezes DPWH travel passes
- Workers urge Marcos to stop corruption by banning political dynasties
