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.
"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., This news data comes from:http://gyglfs.com
He thanked President Ferdinand Marcos Jr. for supporting the measure.
The president on Saturday signed Republic Act 12252.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Pump prices go up
- Thailand's ex-PM Thaksin acquitted in royal insult case
- Wildfire tears through California gold rush town
- Seoul says over 300 South Koreans held in US battery plant site raid
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- ‘Isang’ decelerates as it crosses Quirino, to exit PH Saturday — Pagasa
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Emma Tiglao crowned Miss Grand PH 2025
- Co out of country for medical reasons
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
