As scheduled, the House of Representatives approved on third and final reading last night Resolution of Both Houses No. 7 that will relax stringent economic provisions in the 1987 Constitution, in hopes of attracting more foreign direct investments into the country.
Students, youth and other sectoral groups oppose the proposed Charter change and call for prioritizing the welfare of Filipinos during a rally outside the House of Representatives yesterday,MANILA, Philippines — As scheduled, the House of Representatives approved on third and final reading last night Resolution of Both Houses No. 7 that will relax stringent economic provisions in the 1987 Constitution, in hopes of attracting more foreign direct investments into the country.
“These changes, if ratified by our people in a plebiscite, will greatly boost these measures, including our President’s investment missions abroad, which have generated actual investments and pledges in billions of dollars and created thousands of jobs,” the Speaker said. Unknown to many, the chief justice that the late former president Cory Aquino appointed, along with the prime minister of the late former president Ferdinand Marcos Sr., have endorsed economic Cha-cha as early as 25 years ago as a way of boosting the country’s economy.
The Narvasa-led commission also reported that “a survey of East Asian economies and their approaches to foreign investment policies disclosed that, invariably, the mode of regulation by all the countries is by legislative action rather than by constitutional mandate.” Sen. Sonny Angara earlier said that he, as chairman of the Senate constitutional amendments subcommittee hearing the measure, was not instructed to railroad the passage of the Senate’s Resolution of Both Houses No. 6.
The Senate targets to wrap up committee hearings soon to hold plenary debates on Cha-cha during the resumption of session from April 29 to May 24, according to Angara.Angara said that he targets to bring the measure to the plenary before the President’s State of the Nation Address in July. He added that he would keep an open mind on the matter as the Senate is still discussing it. “The economy really needs to be opened up,” the senator said.
“Yes, because this week is for LEDAC bills like procurement reform laws and others,” Angara told The STAR in a message via Viber. During the 6th LEDAC technical working group meeting last Jan. 16, 21 bills were identified as priority measures for passage by June this year but were eventually narrowed down to 15, considering the limited remaining session days.
“The Senate and Comelec should not allow such an abomination. RBH7 will open a Pandora’s box of self-serving amendments unilaterally proposed by the Lower House,” they said in a statement. In a statement titled “Whoever Does What is True Comes to Light” issued last Tuesday, the CMSP expressed concern over the continued push to amend the Constitution, which was initially clandestinely done, gathering signatures through the people’s initiative.
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