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://705-888.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.
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- P1.7-M shabu seized in Taguig buy-bust
- Customs recovers 10 more Discaya luxury cars
- Hope dwindles for survivors days after deadly Afghan quake
- Co out of country for medical reasons
- Rise in HFMD cases due to better reporting, not outbreak
- Classes suspended in 10 Metro Manila cities due to rains
