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., This news data comes from:http://www.052298.com
Escudero says new lease law to make PH more appealing to investors
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.
- DPWH exec fired, 2 others face dismissal over flood control mess
- Co out of country for medical reasons
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Van Gogh Museum 'could close' without more help from Dutch govt
- Escudero urges list of unfundable projects for 2026 budget
- Xi and Putin round on West at regional summit in China
- Lacson: DPWH exec sought ‘insertions’
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Nartatez rules out 'quota' arrests
