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., This news data comes from:http://www.erlvyiwan.com
Escudero says new lease law to make PH more appealing to investors
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.
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- ICC wants Garma to testify in Duterte case
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- LPA may still develop into short-lived tropical cyclone
- Roxas matriarch, 91
- 'I have no resentment,' says Torre after dismissal as PNP chief
- DILG denies allegations that PNP chief fired over firearms deal
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Remulla pledges transparency and impartiality as Ombudsman
- Social pension eyed for indigent seniors
