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://705-888.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.
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.
- LPA affects Metro Manila, Mindanao, Visayas
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Duterte’s defense team outlines ICC strategy
- IBP to form good governance panel
- Alex Eala makes history With comeback victory at US Open
- Modi, Ishiba agree to boost economic ties
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
