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.
"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., This news data comes from:http://www.yamato-syokunin.com
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.
Escudero says new lease law to make PH more appealing to investors
- Seoul says over 300 South Koreans held in US battery plant site raid
- Van Gogh Museum 'could close' without more help from Dutch govt
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Task force cites new threats to media workers
- Marcos declares holidays for 2026
- Eala kicks off US Open campaign, aims for breakthrough win in New York
- Supreme Court: It’s work as usual in judiciary
- Marcos signs mining tax regime law
- LBC Express Holdings top executive to retire in Oct.
- Putin facing mounting pressure from the West
