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://xle-rfwi-ey-qco.xs888999.com
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.
- COA launches sweeping audit of flood control projects
- Makati earns high rating in anti-trafficking and violence assessment
- Kneecap to play Paris concert in defiance of objections
- Taylor Swift, Travis Kelce engaged
- LTO summons driver who berated MMDA enforcer
- China races to build world’s largest solar farm
- Denmark summons US envoy over 'attempts to influence' Greenland
- Marcos to create independent commission to investigate flood control anomalies
- Hontiveros urges probe on Chinese faking Filipino identity
- SEARCH WARRANT
