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.
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252., This news data comes from:http://www.yamato-syokunin.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Follow the trucks: Why investors are looking south of Metro Manila
- Housing secretary declares 'zero-tolerance' policy on corruption
- Laws signed on holidays, court branches
- 'Isang' leaves PAR, storm signals lifted - Pagasa
- No winner in Ultra, Megalotto draws for Sept 5
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- US appeals court blocks Trump's use of wartime law for deportations
- Xi and Putin round on West at regional summit in China
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
