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.
"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., This news data comes from:http://www.xs888999.com
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Sara favors punishing officials, lifestyle checks
- Marcos to youth: Help in nation-building
- PH, Japan conduct search and rescue exercises
- President Marcos launches HD Hyundai Shipyard in Subic
- Napoles gets 55 years for another ‘pork’ case
- Comelec at 85: Garcia vows reforms
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- Peace efforts in limbo as Kyiv mourns 23 dead
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Harold Cabreros takes post as new OCD chief
