Senate President Juan Miguel Zubiri expressed his suspicion that the delay in the approval of the Implementing Rules and Regulations for three laws intended to entice foreign investments might be linked to charter change. | MRamosINQ /PDI
Zubiri said these pieces of legislation were already sufficient to address the economic matters that charter change proponents wanted to revise in the Constitution.
“These three [laws] were [passed] to answer the problems in the restrictive economic provisions of the Constitution,” he added. “What else do we want to loosen up in the Constitution for economic reasons? Is it the ownership of land? Because personally, I am against the [full foreign] ownership of land.”
“I’m sure that it’s going to be very difficult if we open up [land ownership] because we all know who’s going to come here and buy all the homes in all the high-end subdivisions, including all the other homes around Metro Manila,” he warned.For the nth time, the Senate leader reiterated that charter change would not earn the support of his colleagues in the 19th Congress.
The resolution, which calls for the formation of a 314-member hybrid constitutional convention to amend or revise the 1987 Constitution, was overwhelmingly approved on the third and final reading by 301 lawmakers on March 6, with only seven opposed. Its implementing bill, House Bill No. 7352, was passed on the third reading on March 14.
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