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://www.ycyzqzxyh.com
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.
Escudero says new lease law to make PH more appealing to investors
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- India to probe giant zoo run by son of Asia's richest person
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Iran says open to US nuclear talks, rejects missile curbs
- 'No way' US troops can invade Venezuela, says Maduro
- 'God's Influencer' to become first millennial saint
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- Earthquake kills 250, injures 500 in Afghanistan
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
