Senators hold Baguio hearing on joint Cha-cha resolution, but signal caution

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Senators hold Baguio hearing on joint Cha-cha resolution, but signal caution
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SENATORS continued hearing insights on proposed constitutional amendments on Friday, but signaled they will not be stampeded by any external deadline to approve anything without thorough deliberations.

Senate President Pro Tempore Loren Legarda, joining the Senate panel in Baguio on Friday, asserted: “With such a bold move in altering our current way of life, we must think clearly and precisely about our next steps.”

Introduced primarily by Zubiri, RBH 6 seeks to amend Articles 12, 14 and 16 of the 1987 Constitution, addressing restrictions on foreign ownership in public utilities, educational institutions and the advertising industry. “The first reaction of the people is that they don’t want foreigners to come in but we need more investments. Texas Instruments, Philippines is here in Baguio City.

He said the Philippines got the tail end in terms of the total foreign direct investments in the Asean region because of the country’s restrictive policies. “Only the Philippines has economic policy regulations , no one else in the world. Constitutions are meant to be general documents which survive centuries, organic and must evolve,” Angara said. “Constitutions should be general. should not limit the ability of a country to evolve and to develop as the Sen. environment or the world around it changes…,” he added.

RBH 6 will require the vote of three-fourths of all members of the Senate and House of Representatives, with each House voting separately.

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