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.
Escudero says new lease law to make PH more appealing to investors, This news data comes from:http://el.jyxingfa.com
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.
- Discaya’s construction companies competed against each other during biddings
- 500 Internal Server Error
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- 13 massage therapists robbed, 2 cry rape
- Nartatez vows to be fair in making reassignments
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Sen. Go files bills to push health, social, and labor reforms
- Nartatez vows fair assignments, better resource management as new PNP chief
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
