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://www.yamato-syokunin.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.
- Comelec at 85: Garcia vows reforms
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Iran says open to US nuclear talks, rejects missile curbs
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- President asks governor to expose irregularities in govt projects
- Lookout bulletins out vs Atong Ang, Barretto
- Marcos signs mining tax regime law
- 2 Marikina policemen accused of molestation
- Trump moves to limit US stays of students, journalists
- Four children killed by parents in Dominican Republic — police
