Marcos extends land lease cap to 99 years

MANILA, Philippines — President Ferdinand Marcos Jr. has signed into law Republic Act No. 12252, extending the maximum lease period of private lands to 99 years from 50 years, plus a one-time renewal of up to 25 years.RA 12252 amended several provisions of RA 7652, or the Investors’ Lease Act, in a supposed bid to [...]...Keep on reading: Marcos extends land lease cap to 99 years