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://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.
Escudero says new lease law to make PH more appealing to investors
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.
Escudero says new lease law to make PH more appealing to investors
- May 12 poll results accurate, credible - OCTA Research
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- NATIONAL ARTIST'S HOMETOWN
- SpaceX cancels Starship megarocket launch in latest setback
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Vietnam marks 80th independence anniversary with huge parade
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Dizon to order DPWH officials to submit courtesy resignation
- Pagasa sees two to four tropical cyclones hitting Philippines in September
