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.
The president on Saturday signed Republic Act 12252., This news data comes from:http://hqlv-tpc-vk-vvb.jyxingfa.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- House panel defers 2026 DPWH budget until agency submit changes
- PH, Australia commend ‘impressive’ joint sea drills
- Indonesia leader orders investigation into driver's protest death
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Group presses DA on delayed fertilizer subsidies
- Bonoan freezes DPWH travel passes
- Xi says China 'unstoppable' in parade opening speech
- Thailand ruling party moves to dissolve parliament
- Police officers face more charges in missing cockfight enthusiasts case
- Malaysia warns TikTok vs cyberbullying, deepfakes
