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://erlvyiwan.com
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.
Escudero says new lease law to make PH more appealing to investors
- Task force cites new threats to media workers
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Group presses DA on delayed fertilizer subsidies
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- IBP forms committee on good governance to probe corruption
- Lacson: House can't return proposed 2026 budget to Palace
- Comelec upholds cancelation of Duterte Youth registration
- US approves .5M in assistance to Nigeria to help address hunger
- Marcos opens WorldSkills Asean competition
- Australia to tackle deepfake nudes, online stalking
