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://qaqi-vny-xw-mq.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.
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.
- New Zealand to allow some wealthy foreign investors onto property market
- Japan govt seeks to triple spending on drones
- P270M rock shed useless – Marcos
- Supreme Court: It’s work as usual in judiciary
- DFA: No US extradition request for Quiboloy
- Duterte defense files more motions challenging ICC prosecutor
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
