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., This news data comes from:http://on-qk-ttvk-no.aichuwei.com
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.
- EU massive fine against Google draws Trump threat
- Japan accelerates missile deployment amid rising regional tensions
- NKorea accuses South of ‘serious provocation’
- US approves .5M in assistance to Nigeria to help address hunger
- Bonoan resigned due to command responsibility — Marcos
- Japanese climber, 102, sets Mount Fuji record
- North Korean leader inspects new missile factory ahead of visit to China
- Comelec at 85: Garcia vows reforms
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Marcos signs laws declaring holidays across PH
