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://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.
- Navotas inks deal for school feeding project
- Protesters storm Discaya compound, Sotto calls for calm
- Philippines to launch shame campaign vs traffic violators
- Can a giant seawall save Indonesia's disappearing coast?
- Israel launches new spy satellite in 'message' to enemies
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Japan accelerates missile deployment amid rising regional tensions
- Alex Eala makes history With comeback victory at US Open
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
