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.erlvyiwan.com
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.
Escudero says new lease law to make PH more appealing to investors
- President asks governor to expose irregularities in govt projects
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Eala writes another historic chapter in Philippine tennis
- P1.7-M shabu seized in Taguig buy-bust
- Drones take on Everest's garbage
- Customs recovers 10 more Discaya luxury cars
- Marcos to attend UN meet in New York in Sept- Palace
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
