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., This news data comes from:http://mea-hm-iaca-ulh.ycyzqzxyh.com
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
- Iran says open to US nuclear talks, rejects missile curbs
- Manila mayor warns against mobs, orders police to maintain peace and order
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Marcos willing to submit to a lifestyle check
- Nartatez rules out 'quota' arrests
- Govt preparations for WorldSkills PH hosting go 'full blast'
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- P1.7-M shabu seized in Taguig buy-bust
- Sara Discaya admits owning 28 luxury cars
