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.jyxingfa.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.
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
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- NHA gives cash aid to families affected by calamity in Manila
- Philippine experts urge harm reduction strategy for tobacco control
- Epstein victims compiling list of sexual abusers
- Bonoan freezes DPWH travel passes
- Leviste files charges against DPWH engineer who tried to bribe him
