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://yyqi-dyv-sf-nlky.jyxingfa.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.
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- LBC Express Holdings top executive to retire in Oct.
- 20 people missing after deadly Indonesia protests
- DPWH to revisit budget, to complete revisions within 2 weeks
- Four children killed by parents in Dominican Republic — police
- Hontiveros urges probe on Chinese faking Filipino identity
- Red Cross head says mass evacuation of Gaza City 'impossible'
- 500 Internal Server Error
- UK's mass facial-recognition roll-out alarms rights groups
