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://ycyzqzxyh.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.
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.
- Angkas supports DICT's amnesty program for unregistered delivery services
- Modi, Ishiba agree to boost economic ties
- Iran says open to US nuclear talks, rejects missile curbs
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- DBP launches P50M program for education
- Taiwan: China illegally deploying oil rigs in its waters
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Australia expels Iran ambassador over antisemitic attacks
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
