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://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.
- Vietnam marks 80th independence anniversary with huge parade
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Lacson: Torre 'acted beyond his authority'
- Searchers retrieve bodies as Afghan quake toll seen to rise
- 95 IMAGES OF MARY
- China's Communist rulers push party role before World War II anniversary
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Thai woman jailed for 43 years for lese majeste freed
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
