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.
He thanked President Ferdinand Marcos Jr. for supporting the measure., This news data comes from:http://xs888999.com
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.
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Japan PM decides to quit as opponents seek leadership election: reports
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Putin facing mounting pressure from the West
- Filipino fulfills dream of performing with K-pop group before home fans
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- PH eyes global partners in biggest railway project
- Comelec upholds cancelation of Duterte Youth registration
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
