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://www.xs888999.com
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.
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Remulla pledges transparency and impartiality as Ombudsman
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- DOTr denies ordering shutdown of online selling platforms
- Discaya says her family owns nine companies
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Argentine police recover Nazi-looted painting spotted in property ad
- Palace suspends govt work, classes in several areas due to bad weather
- PH to see ‘blood moon’ Sept. 7-8
