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.
"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., This news data comes from:http://xs888999.com
Escudero says new lease law to make PH more appealing to investors
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.
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- New Zealand to allow some wealthy foreign investors onto property market
- DPWH exec fired, 2 others face dismissal over flood control mess
- Comelec probes 15 govt contractors over 2022 election donations
- Group presses DA on delayed fertilizer subsidies
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- New DPWH chief Dizon: "A department can't investigate itself"
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Court rules on subdivision open spaces, road lots
