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://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.
The president on Saturday signed Republic Act 12252.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Cusi charged over Malampaya deal
- Nepal to block unregistered social media platforms – govt
- Anti-fake news bill filed anew in House
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- Japan pledges continued support for Philippine development projects
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Japan govt seeks to triple spending on drones
- Pasig fire kills child, injures mother as she tries to save him
- Puno seeks probe of anomalous projects ‘funders’
