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., This news data comes from:http://aichuwei.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.
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.
- China 'unstoppable', says Xi with Kim, Putin at his side
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Comelec to resume BARMM polls ballot printing Thursday
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Xi and Putin round on West at regional summit in China
- US church shooter 'obsessed with idea of killing children'
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
