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://iaso.052298.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
- Comelec defers BARMM district reconstitution
- Trump move to cut more foreign aid risking shutdown
- Harold Cabreros takes post as new OCD chief
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- US senators to reinforce 'partnership' with Taiwan
- Duterte’s defense team outlines ICC strategy
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Chinese bridge collapse kills at least 12 construction workers
- Rubio says US warned France on Israel annexation moves
