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.771bg.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.
- Unnamed skeletons? US museum at center of ethical debate
- ₱1.7M shabu seized in Taguig buy-bust
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- DMW: 19 distressed OFWs return home from Jeddah
- Modi, Ishiba agree to boost economic ties
- China displays its weaponry in a tightly controlled military parade
- Bonoan resigned due to command responsibility — Marcos
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Nartatez relieves Fajardo as PNP spokesman
- Peace efforts in limbo as Kyiv mourns 23 dead
