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://qhpa.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.
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.
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- PH eyes global partners in biggest railway project
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Marcos to youth: Help in nation-building
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
