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.
Escudero says new lease law to make PH more appealing to investors
"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., This news data comes from:http://jatntcy.erlvyiwan.com
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
- Malabon averts crisis with garbage deal
- Pasig fire kills child, injures mother as she tries to save him
- Comelec: Postponed village, youth elections not in 2026 budget
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Duterte lawyers take aim at ICC prosecutor
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Australia to tackle deepfake nudes, online stalking
