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://im.705-888.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.
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.
- EU massive fine against Google draws Trump threat
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Lacson: House can't return proposed 2026 budget to Palace
- Tax bureau hunts down contractors over questionable flood control deals
- House starts flood control probe
- Giovanni Lopez pledges to continue and expand DOTr reforms
- India to probe giant zoo run by son of Asia's richest person
- Japan prince comes of age as succession crisis looms
- DSWD program reduced hunger
- Nartatez vows to be fair in making reassignments
