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., This news data comes from:http://aichuwei.com
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.
- Leviste files charges against DPWH engineer who tried to bribe him
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- 'Pink and green' protests call for a reset in Indonesia
- Israel tells residents to leave Gaza City ahead of offensive
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Villanueva: Regularize contractual govt workers
- House panel defers 2026 DPWH budget until agency submits changes
- COA launches sweeping audit of flood control projects
- No winner in lotto draws for Aug 30
