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.
Escudero says new lease law to make PH more appealing to investors, This news data comes from:http://hvg.gyglfs.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
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- PH Army showcases disaster response capabilities before Thai defense officials
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- PH to see ‘blood moon’ Sept. 7-8
- US appeals court finds Trump's global tariffs illegal
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- China's Xi holds talks with North Korea's Kim in Beijing
- House panel defers 2026 DPWH budget until agency submits changes
