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://jy-qm-siss-oni.aichuwei.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.
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.
- South Korea's Lee faces pivotal test at first summit with Trump
- Duterte defense files more motions challenging ICC prosecutor
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Gasoline, diesel prices to increase again next week
- Labubu fans flock to stores after launch of mini dolls
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- House panel defers 2026 DPWH budget until agency submit changes
- PH, Japan conduct search and rescue exercises
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
