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.
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252., This news data comes from:http://fm-ucjy-jtcn-in.ycyzqzxyh.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Israel expects 1 million Gazans to flee new offensive
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Marcos to create independent commission to investigate flood control anomalies
- Thai opposition holds kingmaking summit deciding new PM
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- PH Army showcases disaster response capabilities before Thai defense officials
- Discaya companies' licenses revoked for bid-rigging
- Marcos soon to create commission to probe flood control projects
- Marcos inspects rock shed project in Benguet
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
