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, This news data comes from:http://www.ycyzqzxyh.com
"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 new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Trump to blacklist countries for imprisoning Americans
- Made in China? The remarkable tale of Venice's iconic winged lion
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Konektadong Pinoy Bill has lapsed into law — Palace
- Australia to tackle deepfake nudes, online stalking
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Pump prices go up
