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://kowwxu.ycyzqzxyh.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.
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.
Escudero says new lease law to make PH more appealing to investors
- Sara Discaya admits owning 28 luxury cars
- Comelec defers reconstitution of BARMM parliamentary districts
- 20 people missing after deadly Indonesia protests
- Israeli protesters demand hostage deal as cabinet meets
- Gaza at 'breaking point,' says UN food agency chief after visit
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Comelec upholds cancelation of Duterte Youth registration
- Discaya companies' licenses revoked for bid-rigging
- PH, Australia commend ‘impressive’ joint sea drills
- Van Gogh Museum 'could close' without more help from Dutch govt
