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.erlvyiwan.com
"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.
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.
Escudero says new lease law to make PH more appealing to investors
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- SSS rolls out historic pension reform program
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- ‘Gomez ignorant of how media works’
- DPWH engineer in bribery scandal placed under preventive suspension
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Washington makes military aid overtures to Sahel juntas
