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://mucv.705-888.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.
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.
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Trump moves to cut more foreign aid, risking shutdown
- Lacson warns lawmakers may be complicit in ghost flood control projects
- US appeals court blocks Trump's use of wartime law for deportations
- Taylor Swift, Travis Kelce engaged
- Marcos opens Hyundai's shipyard in PH
- 9 dead in Ecuador after bus plunges into ravine
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
