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://bwj-ecxv-oh-fim.705-888.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.
Escudero says new lease law to make PH more appealing to investors
He thanked President Ferdinand Marcos Jr. for supporting the measure.
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.
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Quezon City hails directive for national projects to get local permits
- Villanueva: Regularize contractual govt workers
- SpaceX cancels Starship megarocket launch
- Maduro hits ‘illegal’ US troops deployment
- Marcos names Dizon as DPWH secretary
- Pump prices go up
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Taylor Swift, Travis Kelce engaged
- India will not 'bow down,' trade minister says after US tariffs
