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://yamato-syokunin.com
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.
- 95 IMAGES OF MARY
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Malaysia warns TikTok vs cyberbullying, deepfakes
- DMW: 19 distressed OFWs return home from Jeddah
- Afghanistan earthquake kills more than 800
- Putin meets Kim, praises North Korean troops in Russia
- Gaps in healthcare services remain - study
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- DICT grants amnesty to unregistered delivery firms
