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., This news data comes from:http://auct-pti-krfa-xf.gangzhifhm.com
"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.
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.
Escudero says new lease law to make PH more appealing to investors
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Supreme Court: It’s work as usual in judiciary
- Japan prince comes of age as succession crisis looms
- India to probe giant zoo run by son of Asia's richest person
- Head of main US health agency abruptly dismissed
- House panel defers 2026 DPWH budget until agency submits changes
- Manila marks National Heroes Day with job fair
- Afghanistan earthquake kills more than 800
- Philippines to work more closely with US amid regional challenges
- Tourists dice with danger on Hanoi's train street
