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.
He thanked President Ferdinand Marcos Jr. for supporting the measure., This news data comes from:http://el.jyxingfa.com
Escudero says new lease law to make PH more appealing to investors
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.
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Inflation up 1.5% in August
- ‘New NBI chief must be career official’
- Zelenskyy meets European leaders on Ukraine security guarantees
- Protesters storm Discaya compound for second straight day
- DOJ indicts Abra Mining for fraudulent trading
- House party leaders want to return proposed 2026 budget to Executive
- Israel expects 1 million Gazans to flee new offensive
- AboitizPower pushes growth with clean, renewable energy
- Thai woman jailed for 43 years for lese majeste freed
