The former chiefs of the Departments of Trade and Industry and Finance are in favor of amending the 1987 Constitution’s economic provisions. | DFernandezINQ
For Lopez, economic restrictions are an “outdated nationalistic concept” and modifying the Constitution will boost benefits.
“Ito pong mga revisions na ‘to [These revisions] will certainly strengthen further ‘yung [the] benefits ng mga [of] legislative actions that opened several restrictions, such as ‘yung [the] modifications to the Retail Trade [Liberalization Act], Foreign Investment Act at Public Service Act,” he said.
Teves, on the other hand, said that both chambers of Congress should come up with a consensus already. “Siguro magtanong na o magkaroon ng consensus po ang Senado at saka ang House of Representatives kung ano ba ang objective natin nito kasi nagkakatugma naman tayo na kailangan natin i-amenda ‘yung ating Constitution,” he said.ADVERTISEMENT
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