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.
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., This news data comes from:http://yamato-syokunin.com
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Thai opposition holds kingmaking summit deciding new PM
- 'New' position being offered to Torre — Palace
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Inflation up 1.5% in August
- International media protest over journalist deaths in Gaza
- 95 IMAGES OF MARY
