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://hsbgotn.052298.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.
- Japanese climber, 102, sets Mount Fuji record
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Sotto files bill to amend party-list system
- WorldSkills Asean Manila begins
- Labubu fans flock to stores after launch of mini dolls
- Harold Cabreros takes post as new OCD chief
- PNP chief Torre relieved, Nartatez to take over
- Taiwan, China locked in historical word war
- Marcos opens Hyundai's shipyard in PH
