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.
"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., This news data comes from:http://www.xs888999.com
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.
Escudero says new lease law to make PH more appealing to investors
- Hontiveros pushes P15,000 salary hike for teachers
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- DPWH told to build evacuation centers
- Gasoline, diesel prices to increase again next week
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- CFO moves office from QC to Pasay
- Eala ousts Day, enters Guadalajara Open final
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Navotas inks deal for school feeding project
