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://hd-cgb-wm-ris.yamato-syokunin.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.
Escudero says new lease law to make PH more appealing to investors
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.
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Marcos orders lifestyle checks on all government officials amid flood control probe
- One in four people lack access to safe drinking water – UN
- Mexican boxer Chavez Jr. released from prison pending trial
- Gasoline, diesel prices to increase by P1 next week
- 'New' position being offered to Torre — Palace
- Indonesia leader orders investigation into driver's protest death
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Gaza at 'breaking point,' says UN food agency chief after visit
