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://jpq-ymqd-ik-me.052298.com
He thanked President Ferdinand Marcos Jr. for supporting the measure.
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.
Escudero says new lease law to make PH more appealing to investors
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Marcos signs mining tax regime law
- Japan accelerates missile deployment amid rising regional tensions
- Manila marks National Heroes Day with job fair
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
