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://jg-gsf-gd-dcvp.jyxingfa.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.
- Portugal mourns after Lisbon streetcar accident kills 15
- Private groups back DHSUD chief's anti-corruption policy
- Marcos to attend UN meet in New York in Sept- Palace
- Protesters storm Discaya compound for second straight day
- Manila marks National Heroes Day with job fair
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- 'Strangest' dinosaur covered in spiked armory — Scientists
- 'Ondoy'-level rains swamp Quezon City
- Pagasa monitors LPA off Cavite, may still become tropical depression
- President Marcos to attend 80th UN General Assembly in New York
