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://mdw-ae-jl-brc.705-888.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.
- 'I have no resentment,' says Torre after dismissal as PNP chief
- Follow the trucks: Why investors are looking south of Metro Manila
- Putin vows not to back down in Ukraine
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- 20 people missing after deadly Indonesia protests
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Xi and Putin round on West at regional summit in China
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Thai cannabis-championing tycoon takes office as PM
- Puno seeks probe of anomalous projects ‘funders’
