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.
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 news data comes from:http://ubki.erlvyiwan.com
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years.
- Vico encourages citizens on Heroes’ Day to be brave
- Thai woman jailed for 43 years for lese majeste freed
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Philippines to work more closely with US amid regional challenges
- Thai Court: PM Shinawatra violated ethics rules
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- House starts flood control probe
- Marcos signs laws declaring holidays across PH
- Opponents of Japan PM seek leadership contest
