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., This news data comes from:http://tc-rk-ougr-jutj.gyglfs.com
He thanked President Ferdinand Marcos Jr. for supporting the measure.
The president on Saturday signed Republic Act 12252.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Cambodia MPs pass law allowing stripping of citizenship
- Hopes fading for Putin, Zelenskyy peace summit
- US approves .5M in assistance to Nigeria to help address hunger
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- Head of main US health agency abruptly dismissed
- Hontiveros pushes P15,000 salary hike for teachers
- Thai court to rule on PM's fate after Hun Sen call leak
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- DICT grants amnesty to unregistered delivery firms
