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., This news data comes from:http://eypc.052298.com
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.
- Zelenskyy meets European leaders on Ukraine security guarantees
- Immigration deports 49 South Korean fugitives
- SpaceX scrubs latest Starship launch due to bad weather
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Japan pledges continued support for Philippine development projects
- Thailand's Parliament to vote Friday for a new prime minister
- Escudero urges list of unfundable projects for 2026 budget
- NHA gives cash aid to families affected by calamity in Manila
- Isko files raps over demolition of sports complex
- Argentine police recover Nazi-looted painting spotted in property ad
