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://nylievc.ycyzqzxyh.com
Escudero says new lease law to make PH more appealing to investors
"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.
- Eala ousts Day, enters Guadalajara Open final
- MPD announces road closures for Bar exams
- WorldSkills Asean Manila begins
- Venezuela deploys warships, drones as US destroyers draw near
- House resumes budget briefings
- ‘40% of Filipinos obese’
- Trump stamps 'dictator chic' on Washington
- DSWD program reduced hunger
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
