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://gkcqj.705-888.com
"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.
Escudero says new lease law to make PH more appealing to investors
- Drones take on Everest's garbage
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Navotas inks deal for school feeding project
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Venezuela builds up border security over US warships
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Pasig fire kills child, injures mother as she tries to save him
- Emma Tiglao crowned Miss Grand PH 2025
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- DPWH exec fired, 2 others face dismissal over flood control mess
