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://www.gangzhifhm.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.
Escudero says new lease law to make PH more appealing to investors
- VP Sara lauds Filipino heroes
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Planning via ‘gender lens’ to make cities more inclusive — expert
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Co out of country for medical reasons
- Kneecap to play Paris concert in defiance of objections
- Trump tells Europe to put economic pressure on China over Ukraine
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Trump says he wants to meet North Korea's Kim again
