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://dcajor.ycyzqzxyh.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.
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.
- Gaza at 'breaking point,' says UN food agency chief after visit
- Customs recovers 10 more Discaya luxury cars
- Sara Discaya admits owning 28 luxury cars
- MMDA inks deal with DBM for G-3 program
- Passenger with fake Overseas Employment Certificate barred from leaving
- Pacifist Japan struggles to boost troops as China anxiety grows
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Pump prices go up
