The High Court declares the tripartite agreement among Philippine, Vietnamese, and Chinese oil firms unconstitutional.
MANILA, Philippines – The Supreme Court on Tuesday, January 10, ruled that only the Philippines can supervise the exploration of its natural resources, declaring the agreement among Philippine, Vietnamese, and Chinese oil firms unconstitutional.
“The Court ruled that the JSMU is unconstitutional for allowing wholly-owned foreign corporations to participate in the exploration of the country‟s natural resources without observing the safeguards provided in Section 2, Article XII of the 1987 Constitution,” the High Court said in aChief Justice Alexander Gesmundo and 10 other justices concurred in the decision, while Associate Justice Amy Lazaro-Javier and Associate Justice Rodil Zalameda dissented.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Three years in a row: Another Philippine bet featured in Miss Universe cosmetics photoshootFor the third time in a row, a Philippine bet is once again featured in a photoshoot of an official cosmetics sponsor of the Miss Universe pageant. Miss
Baca lebih lajut »
Opinion and Editorial Articles in Philippine Business | BusinessMirrorRead opinion and editorial articles in the Philippines written by the top business and industry experts. Visit BusinessMirror for relevant editorials and news.
Baca lebih lajut »
Conference, exhibit are highlights of 2023 Philippine Tropical Fabrics Month - BusinessWorld OnlineSINCE 2012, every January is celebrated as Philippine Tropical Fabrics (PTF) Month with the aim of promoting textile production using natural textile fibers, technologies, and industries in the Philippines.
Baca lebih lajut »
Dolly de Leon carries the torch of Philippine cinemaWE are sending good wishes to our Filipino actress, Dolly de Leon, who has just flown to the United States to attend the 80th Golden Globe Awards to be held in Beverly Hills,...
Baca lebih lajut »
Philippine trade deficit wider at $3.677 billion in November 2022The Philippine trade deficit widened in November even as imports contracted while exports posted double-digit growth, government data released on Tuesday showed.
Baca lebih lajut »