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://pui-id-fa-qi.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.
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
- Kris Aquino is alive, says friend amid reports of death
- US appeals court finds Trump's global tariffs illegal
- Sarah Discaya grilled by Senate over alleged DPWH links
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- Preliminary report on Lisbon funicular accident expected
- Palace suspends govt work, classes in several areas due to bad weather
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Tourists dice with danger on Hanoi's train street
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
