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., This news data comes from:http://cj-nl-uwqn-bku.gangzhifhm.com
Escudero says new lease law to make PH more appealing to investors
"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.
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.
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- Follow the trucks: Why investors are looking south of Metro Manila
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- 'Strangest' dinosaur covered in spiked armory – scientists
- PH, Japan conduct search and rescue exercises
- Marcos embarks on three-day state visit to Cambodia
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
