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, This news data comes from:http://vqy-ow-xusb-oaag.jyxingfa.com
He thanked President Ferdinand Marcos Jr. for supporting the measure.
Escudero says new lease law to make PH more appealing to investors
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.
- Bolsonaro verdict looms as Brazil coup trial closes
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- MMDA prepares for PH hosting of FIVB
- Gloria Arroyo files bill to empower Office of the Vice President
- Group presses DA on delayed fertilizer subsidies
- Konektadong Pinoy Bill has lapsed into law — Palace
- SKorea’s Lee in Tokyo to show friendship
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Giovanni Lopez pledges to continue and expand DOTr reforms
