Presently, Filipinos need to have at least a 60 percent stake in a corporation that operates a public utility, while foreigners can only own up to 40 percent.
to avert a possible coup d’état as the military is supposedly getting fed up with corruption in government.
It is unclear what changes to the Constitution are being proposed to solve corruption, drugs, terrorism and other problems supposedly raised by the military. But, responding to queries about this, Presidential Spokesperson Salvador Panelo said this could include the removal of restrictions to foreign investments and the solution to traffic congestion on EDSA .to the economic provisions, even if he had campaigned for a shift to a federal form of government.
Garbin and Albay 2nd District Rep. Joey Salceda said this can be done by simply adding the phrase “by law” to economic provisions of the Constitution, allowing Congress to amend laws regulating foreign equity as needed. Salceda said the country's rules on foreign equity should be at par with its neighbors, like Thailand, where it is possible to have a business fully-owned by foreigners.
signed by Duterte in October:- Skills training centers for subjects that are not a part of the educational system
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