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://vnw.gyglfs.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.
- Go seeks more support for Filipino athletes
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- US warship heading toward Caribbean Sea
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Israel city honors Quezon’s wartime rescue of Jews
- Rise in HFMD cases due to better reporting, not outbreak
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Ex-HPG officer faces P7M bribery probe
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
