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.
"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://wrcw.redcanaco.com
Escudero says new lease law to make PH more appealing to investors
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.
- Australia to tackle deepfake nudes, online stalking
- Metro Manila floods strand commuters, disrupt classes
- Japanese city proposes 2-hour daily smartphone limit
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Local execs defend law on term of office
- SSS rolls out historic pension reform program
- Cambodia MPs pass law allowing stripping of citizenship
- Nartatez vows to be fair in making reassignments
- DSWD program reduced hunger
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
