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., This news data comes from:http://jtbw.erlvyiwan.com
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.
- China displays its weaponry in a tightly controlled military parade
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- US approves .5M in assistance to Nigeria to help address hunger
- Malabon averts crisis with garbage deal
- Tourists dice with danger on Hanoi's train street
- FBI raids home of Trump critic, former adviser
- LPA affects Metro Manila, Mindanao, Visayas
- DICT grants amnesty to unregistered delivery firms
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Tokyo protests to Beijing over gas field in East China Sea
