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.
Escudero says new lease law to make PH more appealing to investors
He thanked President Ferdinand Marcos Jr. for supporting the measure., This news data comes from:http://row.aichuwei.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.
- SEARCH WARRANT
- DPWH exec asked lawmaker to make budget insertions — Lacson
- CFO moves office from QC to Pasay
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Pope Leo: We must listen first before speaking
- President pushes probe on flood control mess amid congressional inquiry
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- 'Strangest' dinosaur covered in spiked armory — Scientists
- DILG to roll out nationwide unified 911 hotline on Sept. 11
