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.erlvyiwan.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.
Escudero says new lease law to make PH more appealing to investors
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Motive probed for US shooting that killed two children, injured 17
- Public Works chief to press criminal charges against Bulacan engineer
- Over 800 killed as quake rocks Afghanistan
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- No winner in lotto draws for Aug 30
- Ballots for oct 13 BARMM polls completed – Comelec
- Iran says open to US nuclear talks, rejects missile curbs
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Marcos signs mining tax regime law
