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://yp.705-888.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.
- Vietnam marks 80th independence anniversary with huge parade
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Trump hails Department of War rebrand as 'message of victory'
- Guyana votes amid oil boom, Venezuela tensions
- Lacson: Torre 'acted beyond his authority'
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- New law lets foreigner investors lease land for 99 years
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Scramble for survivors as Afghan earthquake death toll passes 1,400
