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://ss-ncxq-oc-fj.jyxingfa.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.
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Marcos signs laws declaring holidays across PH
- Villanueva: Regularize contractual govt workers
- LTO summons driver who berated enforcer
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Head of main US health agency abruptly dismissed
- Comelec defers reconstitution of BARMM parliamentary districts
- Searchers retrieve bodies as Afghan quake toll seen to rise
- OVP ready to submit to lifestyle check if ordered, no word from Sara
