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://www.052298.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.
Escudero says new lease law to make PH more appealing to investors
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.
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Portugal mourns after Lisbon streetcar accident kills 15
- 'Lannie' exits PH — Pagasa
- Unnamed skeletons? US museum at center of ethical debate
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Nartatez vows fair assignments, better resource management as new PNP chief
- Islamic State claims deadly attack on Pakistan rally
- Gloria Arroyo files bill to empower Office of the Vice President
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
