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.
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., This news data comes from:http://www.705-888.com
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- PH, Australia commend ‘impressive’ joint sea drills
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
- Denmark summons US envoy over 'attempts to influence' Greenland
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
- Argentina hunts Nazi-looted painting revealed in property ad
- Supreme Court urged to act on fake complaints
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
