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.
He thanked President Ferdinand Marcos Jr. for supporting the measure.
The president on Saturday signed Republic Act 12252., This news data comes from:http://qf-oavw-yh-nxh.ycyzqzxyh.com
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.
Escudero says new lease law to make PH more appealing to investors
- 'New' position being offered to Torre — Palace
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Angkas supports DICT's amnesty program for unregistered delivery services
- India will not 'bow down,' trade minister says after US tariffs
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Bonoan resigns, Dizon named DPWH chief
- China displays its weaponry in a tightly controlled military parade
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Marcos names acting Ombudsman
- Marikina City chief of police relieved
