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://ms-ys-krrx-iey.jyxingfa.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.
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- US Spirit Airlines files for bankruptcy again
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Japan prince comes of age as succession crisis looms
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- India's Modi meets Japan's Ishiba as he begins Asia tour
- House panel defers 2026 DPWH budget until agency submit changes
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Manila marks National Heroes Day with job fair
- Washington makes military aid overtures to Sahel juntas
