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://rsubpfp.gyglfs.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.
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Major road closures in Manila announced for 2025 Bar Examinations
- French couple kept panther that roamed nearby rooftops
- US agents arrest 475 in Hyundai-LG plant raid
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- PH Defense chief slammed for 'bad mouthing' China
- Marikina City chief of police relieved
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Transport chief pushes shame campaign vs errant motorists
- Marcos declares holidays for 2026
