More news on the opening up of the economy... More news on the opening up of the economy, they are looking to ease limits on the foreign ownership of land, natural resources, public utilities, etc. and to amend some restrictive economic provisions.
https://cnnphilippines.com/news/2021/1/6/charter-change-economic-provisions-congress.html
Charter change talks being revived in Congress
By CNN Philippines Staff
Published Jan 6, 2021 9:33:17 PM
Metro Manila (CNN Philippines, January 6) — Lawmakers have disclosed efforts to tackle constitutional amendments in both houses of Congress with a hearing scheduled by a panel in the House of Representatives, and a resolution filed in Senate.
In a Facebook post on Wednesday, AKO BICOL Party-list Rep. Alfredo Garbin Jr., head of the House Committee on Constitutional Amendments, posted photos of some lawmakers meeting with the caption “gearing up for constitutional amendments.”
When asked about this, Garbin said it is House Speaker Lord Allan Velasco’s directive “to tackle proposed amendments to restrictive economic provisions.” He said a hearing will be held on January 13.
In July 2019, Velasco filed a resolution proposing amendments to economic provisions, particularly easing limits on the foreign ownership of land, natural resources, public utilities, mass media, and schools.
Meanwhile, Senators Francis Tolentino and Ronald dela Rosa filed on December 20 a resolution seeking to convene Congress as a constituent assembly to introduce amendments to the Constitution. Talks will be “limited to the provisions on democratic representation and the economic provisions of the Constitution,” the resolution states.
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