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://dg-hu-uf-aa.yamato-syokunin.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.
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Court rules on subdivision open spaces, road lots
- House panel defers 2026 DPWH budget until agency submits changes
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- Marcos signs mining tax regime law
- Bonoan resigns, Dizon named DPWH chief
- Hopes fading for Putin, Zelenskyy peace summit
- Chinese bridge collapse kills at least 12 construction workers
