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
"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., This news data comes from:http://771bg.com
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.
- New judge to handle Dengvaxia cases named; hearing set
- Support grows for independent probe into flood control projects
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Transport chief pushes shame campaign vs errant motorists
- Tokyo logs record 10 days of 35 C or higher
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Anutin elected as Thailand's new prime minister
- MMDA asks LTO to sanction motorist in altercation with traffic enforcer in San Juan
