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://vixiu.052298.com
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.
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.
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Putin vows not to back down in Ukraine
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Need to pee? Japan has QR code for that
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Labubu fans flock to stores after launch of mini dolls
- Oil firms to raise fuel prices this week
- China displays its weaponry in a tightly controlled military parade
