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://huj-nnk-cp-ure.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.
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.
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.
- Dizon to order DPWH officials to submit courtesy resignation
- No winner in lotto draws for Aug 23
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Nepali court: Hindu holy men's nudity not obscene
- 25 countries suspend postal services to US over tariffs – UN
- Passenger with fake Overseas Employment Certificate barred from leaving
- Boy killed, mother injured in Pasig fire
- DICT grants amnesty to unregistered delivery firms
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- 11 foreigners killed in Portugal funicular crash
