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.
"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., This news data comes from:http://www.gangzhifhm.com
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.
Escudero says new lease law to make PH more appealing to investors
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- DILG denies allegations that PNP chief fired over firearms deal
- Comelec: Postponed village, youth elections not in 2026 budget
- Pump prices increase for 2nd straight week
- South Korean prosecutors indict Yoon's wife, former PM
- PNP chief supports lowering age of discernment
- Giovanni Lopez pledges to continue and expand DOTr reforms
