The House Committee on Constitutional Amendments will continue holding public hearings and consultations on the proposed Charter change (Cha-cha), the panel chairman said on Monday.
The House Committee on Constitutional Amendments will continue holding public hearings and consultations on the proposed Charter change , the panel chairman said on Monday.
“In our hearings at the House of Representatives last week and in Cagayan de Oro City last Friday, the overwhelming recommendation was to rewrite the Constitution’s economic provisions to allow for more foreign investments,” Rodriguez said. He said the tweaking of the Charter’s economic provisions could be the “last piece in the puzzle” of attracting more foreign investments.
He said investment restrictions on foreign ownership range from requiring at least 60 percent Filipino ownership to total prohibition.
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Rodriguez: House to pursue Cha-Cha even though not a priority of Marcos“We respect the opinion of President Ferdinand Marcos Jr. on constitutional amendment measures. We will of course consider it. But as an independent branch of government, the House of Representatives and Congress will proceed with its public dialogues on this issue,” said Cagayan de Oro Representative Rufus Rodriguez, committee chairperson.
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Charter amendments will be strictly on eco provisions, Padilla assures critics of Cha-chaSenator Robin Padilla defended the resolution he filed seeking to amend the 1987 Constitution from critics, saying that a review of the present Charter is needed to amend the economic provisions and make it attuned to the present needs of Filipinos.
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Padilla’s plea to senators vs Cha-cha at this time: ‘Consider it, no political revisions’MANILA, Philippines — Senator Robinhood Padilla on Sunday defended his resolution proposing economic amendments to the 1987 Constitution. This developed after several of his colleagues at the
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Padilla: Pledges from Marcos' foreign trips won't materialize without Cha-cha"The Foreign Direct Investments that we badly need cannot come true without the proper provisions from our Constitution. And most of the pledges by foreign investors from our leaders&39; foreign trips will not materialize," Padilla added.
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Marcos: Cha-cha not my priorityAmending the 1987 Constitution is not a priority of his administration, President Ferdinand Marcos Jr. said Sunday. Read:
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MB Daily News Update: Cha-cha not a priority -- MarcosDetails of these major reports, as well as that of other important stories this Monday, Feb. 13, 2023, in the MB Daily News Update.
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