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.xs888999.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.
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.
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- National Guard troops begin carrying weapons in US capital
- Two dead as strong earthquake jolts Afghanistan
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- ‘Large shark’ kills man off Sydney beach
- NHA gives cash aid to families affected by calamity in Manila
- Social pension eyed for indigent seniors
- House holds budget review with 21 civil society organizations
- SEARCH WARRANT
- 'Mockery of science': US experts blast Trump climate report
