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Lawmakers seek to amend ownership regulations on Constitution s economic provisions

Lawmakers are calling for the revision of some economic provisions of the 1987 Constitution, covered by the Public Service Act, which stipulate that public services should exclusively be owned by Filipinos......»»

Category: newsSource: philstar philstarJan 15th, 2024

‘No to Cha Cha’ in UP Fair and Oblation Run

“No to Charter Change (Cha Cha)” reverberated  during  the recent two main events in the Diliman campus of the University of the Philippines : the Oblation Run and the UP Fair. The  House of Representatives  is attempting   to amend the 1987 Constitution  primarily on  the “prohibitive” economic provisions that limit foreign ownership. Faculty members of.....»»

Category: newsSource:  inquirerRelated NewsFeb 21st, 2024

Pandora’s box

For some time now, there had been talks about the need to amend certain economic provisions of the 1987 Constitution, in particular that pertaining to foreign ownership in public utilities......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

Marcos orders Senate to lead review of 1987 Constitution economic provisions

Marcos orders Senate to lead review of 1987 Constitution economic provisions.....»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

4th mode of Cha-cha

In 2013, then House Speaker Quezon City 4th District Rep. Feliciano “Sonny” Belmonte Jr. first initiated a move to amend to the economic provisions of the 1987 Constitution by legislation – a law approved by Congress. Under Belmonte’s proposal, both chambers of Congress could vote separately to pass these economic amendments into law instead of a wholesale amendment of the Constitution......»»

Category: newsSource:  philstarRelated NewsJan 16th, 2024

Settle Cha-cha mode at LEDAC

Two veteran lawmakers who figured prominently in past attempts to amend the country’s 1987 Constitution took me down memory lane amid the latest revival of Charter change (Cha-cha) moves. Specifically, they are erstwhile Senate president Franklin Drilon and former Negros Occidental congressman Margarito Teves, who both tried to help amend the Constitution in the past but their efforts ended in vain......»»

Category: newsSource:  philstarRelated NewsJan 22nd, 2024

Charter change: Only the economic provisions should be included

So much controversy is being unnecessarily generated with this Charter change issue but in reality, changes to the overly protectionist economic provisions in the 1987 Constitution should be debated upon because it hinders the country from realizing its full economic potential......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’

“Corruption & poverty are the main reasons why we lag behind economically and politically. These problems are not created by the 1987 Constitution, but by greedy politicians who control power and money for their self-interests." The post Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’ appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 23rd, 2024

‘The restrictive economic provisions in Constitution’ (Conclusion)

In closing, I have listened intently to what some members of the Senate said in connection with the issue of amending the restrictive provisions of the Constitution......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Our very broad Constitution and its unpleasent econimic consequences

Judging from the Joint Resolution of the House and Senate to amend the “restrictive economic provisions” of the Constitution, only three specific amendments are being sought......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Most Filipinos reject Charter change, lifting foreign ownership restrictions

An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»

Category: newsSource:  philstarRelated NewsMar 27th, 2024

University of the Philippines Oblation Run opposes Cha-cha

Initiatives of administration lawmakers and other groups to amend provisions of the Constitution took center stage in the traditional Oblation Run at the University of the Philippines (UP) Diliman campus in Quezon City yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 16th, 2024

Higher education and how to improve it

The joint resolution of the House and the Senate proposes to amend the restrictive provisions of the 1987 Constitution by adding the phrase, “Unless provided by law,” to the general provisions of Article XIV, Paragraph 2, which provides that all educational institutions shall be owned solely by citizens and corporations or associations at least 60 percent owned by Filipinos......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

‘Why we need to amend the restrictive economic provisions’ (Continued from last week)

Of the original five members of ASEAN – Indonesia, Malaysia, Philippines, Singapore and Thailand – we are unique in that some important economic sectors are singled out for specific protection under the Constitution, the fundamental law. All the other countries simply left all matters pertaining to economy and business to ordinary legislation......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

Senate hearings on economic Cha-cha to start next week

Senate President Juan Miguel Zubiri said that the Senate will begin deliberating its proposal to amend the economic provisions of the 1987 Constitution next week amid heightened political tensions that seemed to have sprung from differing views on how to change the Charter......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

Marcos consulting legal luminaries on economic Cha-cha

Amid the ongoing feud between the House of Representatives and the Senate over the people’s initiative, President Marcos yesterday disclosed that he is consulting legal luminaries and Constitution experts on the most acceptable way to amend the economic provisions of the Charter......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

Senate to start tackling economic Cha-cha

With the Commission on Elections indefinitely suspending all proceedings related to the people’s initiative, the Senate will convene on Wednesday the committee of the whole to tackle the proposal to amend certain economic provisions of the 1987 Constitution......»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

Easier ownership of e-vehicles pushed

An international think tank has called on government to lift importation barriers to electric vehicles and immediately amend the limiting provisions of the Electric Vehicle Industry Development Act......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

FPRRD opposes disguised Charter change initiative

Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Economic Cha-cha to boost FDI – BSP

Amending the restrictive economic provisions in the 1987 Constitution will likely attract more foreign investments in the country and stimulate economic growth, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMar 2nd, 2024

NEDA Chief: More reforms needed to unlock full benefits of Cha-cha

MANILA, Philippines  —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024