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://pwxpqg.705-888.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.
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- In Taiwan, competing narratives over the meaning of China's massive military show
- Puno seeks probe of anomalous projects ‘funders’
- PH to host seafarers’ welfare forum
- 'Pink and green' protests call for a reset in Indonesia
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Boy killed, mother injured in Pasig fire
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Cebu Pacific to launch direct flights between Cebu and Palawan
- White House fires US health agency head after she refused to quit
