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., This news data comes from:http://lk-xm-bnka-mlg.705-888.com
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 new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- LTO summons driver who berated MMDA enforcer
- Protesters storm Discaya compound, Sotto calls for calm
- Anti-fake news bill filed anew in House
- Marcos declares holidays for 2026
- China is showing off its weaponry in a tightly controlled military parade
- Inflation up 1.5% in August
- Maduro calls for dialogue hours after Trump’s threat
- US appeals court finds Trump's global tariffs illegal
- Marcos soon to create commission to probe flood control projects
