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://www.gangzhifhm.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.
- SpaceX cancels Starship megarocket launch in latest setback
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- South Korea's Lee faces pivotal test at first summit with Trump
- GoTyme gives customers 20 free InstaPay transfers per month
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Comelec probes 15 govt contractors over 2022 election donations
- 'Ondoy'-level rains swamp Quezon City
- Konektadong Pinoy Bill has lapsed into law — Palace
- New law lets foreigner investors lease land for 99 years
