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://avq-jbak-hhxs-vnpk.aichuwei.com
He thanked President Ferdinand Marcos Jr. for supporting the measure.
Escudero says new lease law to make PH more appealing to investors
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.
- MPD announces road closures for Bar exams
- South Korea to ban mobile phones in school classrooms
- Thailand's Parliament to vote Friday for a new prime minister
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Maduro hits ‘illegal’ US troops deployment
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- DMW: 19 distressed OFWs return home from Jeddah
- Roxas matriarch, 91
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
