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.
He thanked President Ferdinand Marcos Jr. for supporting the measure., This news data comes from:http://www.gangzhifhm.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.
- Leviste files charges against DPWH engineer who tried to bribe him
- House panel defers 2026 DPWH budget until agency submits changes
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- India's Modi meets Japan's Ishiba as he begins Asia tour
- Lookout bulletins out vs Atong Ang, Barretto
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- ‘40% of Filipinos obese’
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Searchers retrieve bodies as Afghan quake toll seen to rise
