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, This news data comes from:http://wru-xcnb-vnd-ci.yamato-syokunin.com
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.
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Major road closures in Manila announced for 2025 Bar Examinations
- Maduro calls for dialogue hours after Trump’s threat
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Trump to blacklist countries for imprisoning Americans
- Gomez-Estoesta named court administrator by Supreme Court
- Thailand acting PM moves to dissolve parliament — party
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Marcos urged to raise WPS resolution at UN
- Fire breaks out in Manila residential area
