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://bank-jqft-bku-ga.gyglfs.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.
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
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- French couple kept panther that roamed nearby rooftops
- Chinese bridge collapse kills at least 12 construction workers
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- DOJ indicts Abra Mining for fraudulent trading
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Hopes fading for Putin, Zelenskyy peace summit
- ERC amends net-metering rules to expand renewable energy options
