President Ferdinand Marcos Jr. expresses his support for amending restrictive economic provisions in the 1987 Constitution, stating that it was not designed for a globalized world. He believes that these amendments will boost economic activity and attract foreign investors. However, he emphasizes the need to protect critical sectors from foreign influence. He also suggests postponing discussions on political amendments to ensure the success of the economic amendments.
President Ferdinand Marcos Jr. supports efforts to amend restrictive economic provisions in the 1987 Constitution , saying it was not written for a globalized world . He believes that adjusting these provisions will increase economic activity and attract more foreign investors. However, he draws the line on certain sectors that should not be opened up to foreign investors, such as power generation, media, and strategic areas.
He also suggests that political amendments should not be discussed yet to avoid jeopardizing the success of the economic amendments
President Ferdinand Marcos Jr. Constitution Economic Provisions Globalized World Foreign Investors Critical Sectors Political Amendments
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