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., This news data comes from:http://erlvyiwan.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.
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.
Escudero says new lease law to make PH more appealing to investors
- Motive probed for US shooting that killed two children, injured 17
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Hontiveros pushes P15,000 salary hike for teachers
- No winner in lotto draws for Aug 23
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- One in four people lack access to safe drinking water – UN
