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., This news data comes from:http://vwvp-el-klc-togm.erlvyiwan.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.
Escudero says new lease law to make PH more appealing to investors
- Macron's decision to recognize Palestinian state angers Israel and the US
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Marcos soon to create commission to probe flood control projects
- Thailand's Parliament to vote Friday for a new prime minister
- Motive probed for US shooting that killed two children, injured 17
- EU massive fine against Google draws Trump threat
- Indonesia protests put spotlight on paramilitary police force
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Putin facing mounting pressure from the West
