Speaker files CHA-CHA ahead of SONA

In what many see as the last attempt of the Liberal Party to amend the 1987 Constitution, Speaker Feliciano Belmonte Jr. (LP) fired the first salvo for charter change today with Joint Resolution No. 1, proposing amendments to certain economic provisions of the Constitution, particularly Articles II, XII and XVI.

In what many see as the last attempt of the Liberal Party to amend the 1987 Constitution, Speaker Feliciano Belmonte Jr. (LP) fired the first salvo for charter change today with Joint Resolution No. 1, proposing amendments to certain economic provisions of the Constitution, particularly Articles II, XII and XVI.

According to the Speaker, “statistics show despite the economic growth, poverty incidence remained constant for the past six (6) years,” and that “in order to realize the full benefit of inclusive growth, the restrictive provisions in the Philippine Constitution which hamper the flow of foreign capital investments must be lifted”, the following proposals are being submitted on National Patrimony and Economy as well as General Provisions, subject to enactment by Congress: 1) 60% cap on co-production, joint venture, or production-sharing agreements; 2) alienable lands of public domain; 3) opening up areas of investments; 4) franchise; 5) ownership and management of mass media and who can engage in advertising industry.

 

Link: Resolution of both Houses Proposing Amendments to Certain Economic Provisions of the 1987 Constitutionof the Republic of the Philippines

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