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://pj-fst-io-xu.yamato-syokunin.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.
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- SC orders comment on petitions vs polls
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Thai Court: PM Shinawatra violated ethics rules
- DOTr denies ordering shutdown of online selling platforms
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Israel tells residents to leave Gaza City ahead of offensive
- PH, Australia, Canada hold joint sea drills
- 15 drug war victims cleared to join Duterte's ICC case
