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://ybyvx.ycyzqzxyh.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
- Thailand ruling party moves to dissolve parliament
- Napoles gets 55 years for another ‘pork’ case
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- La Salle vows to help ease Ortigas traffic
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Portugal mourns after Lisbon streetcar accident kills 15
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Filipino member of AHOF K-pop group says Manila concert a dream come true
