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://femt-pib-rox-rag.705-888.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.
- Xi meets Modi as China and India seek to rebuild ties
- North Korea test-fires two 'new' air defense missiles
- BuCor chief calls for major reforms
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- US church shooter 'obsessed with idea of killing children'
- Wife of Australian man wanted in police killings urges him to surrender
- Government work, classes on Tuesday suspended due to bad weather
- 2028 polls overseas voter registration opens in Dec
- Navotas inks deal for school feeding project
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
