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.
He thanked President Ferdinand Marcos Jr. for supporting the measure., This news data comes from:http://gsnj-pqi-ut-gr.ycyzqzxyh.com
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.
Escudero says new lease law to make PH more appealing to investors
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Bonoan resigned due to command responsibility — Marcos
- CBCP president urges Israel to stop military operations in Gaza
- Gasoline, diesel prices to increase by P1 next week
- Navotas inks deal for school feeding project
- Two dead as strong earthquake jolts Afghanistan
- Gomez-Estoesta named court administrator by Supreme Court
- Gasoline, diesel prices to increase again next week
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
