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.
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252., This news data comes from:http://yamato-syokunin.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Fears of new political crisis grip France
- Nartatez rules out 'quota' arrests
- Venezuela builds up border security over US warships
- One in four people lack access to safe drinking water – UN
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- DICT grants amnesty to unregistered delivery firms
- HFMD cases on the rise
- Customs preparing report on Discayas’ 28 luxury cars
- Alice Guo faces new cases over POGO land
