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.
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.
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., This news data comes from:http://mms-pd-bdnd-rdg.aichuwei.com
- Israel expects 1 million Gazans to flee new offensive
- COA probes Iqbal on spending of P1.7B in one day
- Appointments panel holds first session
- House bill seeks to regulate AI use
- Police officers face more charges in missing cockfight enthusiasts case
- Major road closures in Manila announced for 2025 Bar Examinations
- 11 foreigners killed in Portugal funicular crash
- Marcos signs laws creating more court branches
- Philippine experts urge harm reduction strategy for tobacco control
- CFO office moves from Quezon City to Pasay
