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://xs888999.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.
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.
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Nartatez vows to be fair in making reassignments
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Xi says China 'unstoppable' in parade opening speech
- Globe: Mobile data helps drive national progress
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
