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://www.gyglfs.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.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Lacson wants 1-year 'experiment' to break cycle of corruption in the budget process
- Marcos suspends importation of regular, well-milled rice for 60 days
- Govt preparations for WorldSkills PH hosting go 'full blast'
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- US warship heading toward Caribbean Sea
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Marcos urged to raise WPS resolution at UN
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
