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://qodscwe.xs888999.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.
- Xi slams 'bullying' in speech to regional leaders at summit
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Trump says he'll keep extending TikTok shutdown deadline
- EU massive fine against Google draws Trump’s ire
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- No winner in Ultra, Megalotto draws for Aug 29
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- DFA: No US extradition request for Quiboloy
