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://rsbjkxqa.gangzhifhm.com
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.
Escudero says new lease law to make PH more appealing to investors
- PNP chief leads fun run
- Taiwan: China illegally deploying oil rigs in its waters
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Anti-fake news bill filed anew in House
- Former DPWH chief denies links to corruption
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Trump wants to meet Norea Korea's Kim again
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- MPD announces road closures for Bar exams
