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://catwn.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.
Escudero says new lease law to make PH more appealing to investors
He thanked President Ferdinand Marcos Jr. for supporting the measure.
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.
- Iran says open to US nuclear talks, rejects missile curbs
- Quezon City hails directive for national projects to get local permits
- PH has chance of getting UNSC seat - Manalo
- Zelenskyy meets European leaders on Ukraine security guarantees
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Taiwan, China locked in historical word war
- PH Army showcases disaster response capabilities before Thai defense officials
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Workers urge Marcos to stop corruption by banning political dynasties
