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.
The president on Saturday signed Republic Act 12252., This news data comes from:http://www.yamato-syokunin.com
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.
- House resumes budget briefings
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Comelec defers BARMM district reconstitution
- Marcos, first lady visit Cambodia to boost ties
- NHA gives cash aid to families affected by calamity in Manila
- Putin facing mounting pressure from the West
- Emma Tiglao crowned Miss Grand PH 2025
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Plea written in blood saves Chinese woman trapped in locked room
- Trump stamps 'dictator chic' on Washington
