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.
"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., This news data comes from:http://fycrstxv.jyxingfa.com
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
- Indonesia turns down ear-splitting 'haram' street parties
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- India will not 'bow down,' trade minister says after US tariffs
- Nartatez relieves Fajardo as PNP spokesman
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Chinese tourist city Sanya shuts down as typhoon intensifies
- ‘Gomez ignorant of how media works’
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Trump moves to limit US stays of students, journalists
- A summit and parade in China may signal a geopolitical shift
