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.redcanaco.com
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.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Navotas holds anti-plastic drive
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- President Marcos to attend 80th UN General Assembly in New York
- Trump moves to end US tariff exemption for small packages
