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://gakg-ixq-lrqg-wha.xs888999.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.
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.
- Washington makes military aid overtures to Sahel juntas
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Four children killed by parents in Dominican Republic — police
- Trump move to cut more foreign aid risking shutdown
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- Marcos to youth: Help in nation-building
- DFA: No US extradition request for Quiboloy
- Argentina hunts Nazi-looted painting revealed in property ad
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
