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://gangzhifhm.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.
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Lookout bulletins out vs Atong Ang, Barretto
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- DICT grants amnesty to unregistered delivery firms
- North Korean leader inspects new missile factory ahead of visit to China
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Malabon averts crisis with garbage deal
