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.
Escudero says new lease law to make PH more appealing to investors, This news data comes from:http://xs888999.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.
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- President Marcos launches HD Hyundai Shipyard in Subic
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Thailand set for vote on new PM after dissolution bid rejected
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- 500 Internal Server Error
- Go seeks more support for Filipino athletes
- 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
