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://gyglfs.com
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
- Lookout bulletins out vs Atong Ang, Barretto
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Nepal to block unregistered social media platforms – govt
- Marcos urged to raise WPS resolution at UN
- Lacson: House can't return proposed 2026 budget to Palace
- Pacifist Japan struggles to boost troops as China anxiety grows
- Social pension eyed for indigent seniors
- PH economic losses hit 100B from corruption in flood control projects
- Israel army urges Gaza City residents to leave
- Tokyo protests to Beijing over gas field in East China Sea
