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.ycyzqzxyh.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.
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.
- Marcos orders lifestyle checks on all government officials amid flood control probe
- DPWH opens foreign-assisted projects to LGUs
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- 'New' position being offered to Torre — Palace
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- A summit and parade in China may signal a geopolitical shift
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Philippines to work more closely with US amid regional challenges
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Fears of new political crisis grip France
