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://cea-aufg-jujp-aen.erlvyiwan.com
Escudero says new lease law to make PH more appealing to investors
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.
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- Lacson: Torre 'acted beyond his authority'
- Lacson to govt: Protect education budget
- US strike marks shift to military action against drug cartels
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- ALPAS Consultancy bags five awards in Philippine Quill debut
- No peace without end to hostilities –Arab bloc
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Over 800 killed as quake rocks Afghanistan
- SpaceX cancels Starship megarocket launch in latest setback
