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.
Escudero says new lease law to make PH more appealing to investors, This news data comes from:http://www.gyglfs.com
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.
- Modi: India, Japan to 'shape the Asian century'
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Go seeks more support for Filipino athletes
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Israeli forces seize nearly 0,000 in West Bank raid
- DOJ indicts Abra Mining for fraudulent trading
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
