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.
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., This news data comes from:http://ceb-kxlw-wkqc-urs.jyxingfa.com
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Pangilinan pushes coordinated water management
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Indonesia leader orders investigation into driver's protest death
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Australia's mushroom murderer faces victims' family in court
- New judge to handle Dengvaxia cases named; hearing set
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Xi says China 'unstoppable' in parade opening speech
- Gasoline, diesel prices to increase by P1 next week
