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://ylub.052298.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.
- Japan prince comes of age as succession crisis looms
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Trump says he wants to meet North Korea's Kim again
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- PH Defense chief slammed for 'bad mouthing' China
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Islamic State claims deadly attack on Pakistan rally
- ERC amends net-metering rules to expand renewable energy options
- Sara Discaya admits owning 28 luxury cars
