Speaker Martin Romualdez of Leyte on Wednesday justified the ongoing House committee deliberations on measures seeking to amend the 1987 Constitution, saying the proposed amendments aim to attract foreign financing for job generation, among others.
“The proposed constitutional amendments are more focused now on the need to encourage investments that would further stimulate economic activities, create job opportunities, reduce poverty and lower prices of goods and services,” Romualdez said in a speech during the Constitution Day in Malacañang with President Ferdinand "Bongbong" Marcos Jr. as guest of honor.
"The proponents of the lifting of the economic provisions in the Constitution agree on one thing: opening the economy wide for inflow of foreign capital is the key to address the aspirations and ideals of Filipinos: a peaceful community with enough jobs, just wages, affordable basic commodities and opportunities to thrive,” Romualdez said.
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