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.
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., This news data comes from:http://ww-fpov-dyck-eio.gyglfs.com
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Thailand ruling party moves to dissolve parliament
- Australia expels Iran ambassador over antisemitic attacks
- Prince Harry to visit UK on anniversary of queen's death
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Maduro calls for dialogue hours after Trump’s threat
- DOTr denies ordering shutdown of online selling platforms
- Israeli strikes in Yemen's capital kill six, Houthis say
- US appeals court blocks Trump's use of wartime law for deportations
- DOJ indicts Abra Mining for fraudulent trading
