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://xs888999.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.
Escudero says new lease law to make PH more appealing to investors
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.
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- Vico encourages citizens on Heroes’ Day to be brave
- Trump rebrands Department of Defense as 'Department of War'
- Indonesia, US and allies launch joint military drills
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- President Marcos launches HD Hyundai Shipyard in Subic
- More funding sought for sports commission
