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://gai-iuyq-urom-bt.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.
He thanked President Ferdinand Marcos Jr. for supporting the measure.
Escudero says new lease law to make PH more appealing to investors
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
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Over 800 killed as quake rocks Afghanistan
- Putin vows not to back down in Ukraine
- President Marcos launches HD Hyundai Shipyard in Subic
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Duterte lawyers take aim at ICC prosecutor
- Indonesian police officer fired over killing that sparked protests
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
