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://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.
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.
- President asks governor to expose irregularities in govt projects
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Bonoan resigned due to command responsibility — Marcos
- P270M rock shed useless – Marcos
- Bolsonaro verdict looms as Brazil coup trial closes
- 25 countries suspend postal services to US over tariffs – UN
- Globe: Mobile data helps drive national progress
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
