The leaders of two major business groups said they were wary about amending or revising the 1987 Constitution as a means to further liberalize the Philippine economy. | AldenMonzonINQ /PDI
The 45-year-old PCCI is the country’s largest business organization. The group has over 1,900 member companies, enterprises and trade associations. Regular lawmaking enough
“We are not sure if we have to amend the Constitution just to . It’s too costly and risky,” Ortiz-Luis said, uneasy about other Charter provisions that might be tinkered with once it is opened up for amendments or revision.Cagayan de Oro Rep. Rufus Rodriguez, the main proponent of Charter change in the House of Representatives, had admitted that political provisions could be opened up for changes, too.“There is no urgency to amend the political aspects of the Constitution.
The new PSA limits public utilities to the distribution and transmission of electricity, petroleum and petroleum products pipeline transmission systems, water pipeline distribution and wastewater pipeline systems, seaports and public utility vehicles. Writing an opinion piece for the Inquirer in December last year, former Finance Secretary Gary Teves said he supported Cha-cha, specifically the removal of the remaining restrictive provisions in order to make the country more competitive and attractive to foreign investors.
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