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://www.gangzhifhm.com
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.
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.
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- US appeals court finds Trump's global tariffs illegal
- Can a giant seawall save Indonesia's disappearing coast?
- 1 of 2 suspects in Pasay robbery, rape arrested
- LPA affects Metro Manila, Mindanao, Visayas
- MMDA inks deal with DBM for G-3 program
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Emma Tiglao crowned Miss Grand PH 2025
- No winner in lotto draws for Aug 30
