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.
Escudero says new lease law to make PH more appealing to investors
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., This news data comes from:http://upprses.gangzhifhm.com
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Escudero urges list of unfundable projects for 2026 budget
- Remulla pledges transparency and impartiality as Ombudsman
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- House party leaders want to return proposed 2026 budget to Executive
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Thousands protest in Indonesia as military deployed in capital
- Trump health misinformation swirls despite denial
