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://yf.aichuwei.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.
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.
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Israel military says controls 40 percent of Gaza City
- House bill seeks to regulate AI use
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Budget shortfall narrows in July
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- Australia government condemns anti-immigration rally in Sydney
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
