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://smtf.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.
Escudero says new lease law to make PH more appealing to investors
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.
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Protesters storm Discaya compound for second straight day
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Israel city honors Quezon’s wartime rescue of Jews
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Trump: Many Americans ‘like a dictator’
- Nartatez vows fair assignments, better resource management as new PNP chief
- 10 DPWH execs in Bulacan relieved over ghost flood control projects
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Modi: India, Japan to 'shape the Asian century'
- US halts 80% complete, huge offshore wind farm
