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://pdwp-cf-vu-afgp.aichuwei.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.
- More funding sought for sports commission
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Indonesian finance minister's home looted as protest anger grows
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- House resolution filed to investigate 'funders' of anomalous projects
- Taiwan: China illegally deploying oil rigs in its waters
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- House starts flood control probe
- DPWH engineer in bribery scandal placed under preventive suspension
