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://esy-fyp-gov-loh.redcanaco.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.
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Ukraine says Russia linked to lawmaker's killing
- EU massive fine against Google draws Trump’s ire
- Seoul says over 300 South Koreans held in US battery plant site raid
- Sen. Go files bills to push health, social, and labor reforms
- DMW: 19 distressed OFWs return home from Jeddah
- Co out of country for medical reasons
- Roxas matriarch Judy Araneta-Roxas, 91
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
