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://xs888999.com
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.
He thanked President Ferdinand Marcos Jr. for supporting the measure.
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.
- 1.2K pass Electrical Engineers exam
- UK, Japan, South Korea endure hottest summer on record
- Marcos confers diplomatic merit award on two ambassadors
- Unnamed skeletons? US museum at center of ethical debate
- Comelec upholds cancelation of Duterte Youth registration
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Gasoline, diesel prices to increase by P1 next week
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Marcos embarks on three-day state visit to Cambodia
