By Liezelle Soriano
MANILA — House Speaker Martin Romualdez has voiced his “unwavering support” for the Senate’s initiative to amend the economic provisions of the 1987 Constitution.
“As the Speaker of the House of Representatives, I would like to express my unwavering support for the Senate’s initiative to file a Resolution of Both Houses of Congress,” Romualdez said.
“This resolution, utilizing the mode of Constituent Assembly, is a decisive step toward amending the 1987 Constitution, particularly in terms of relaxing the economic provisions that currently restrict the entry of foreign direct investments into the Philippines.”
He added that the proposed amendments are “not just timely but necessary” to unlock the full potential of the economy, fostering a more competitive, inclusive, and robust economic environment.
On Monday (15 January 2024), Senate President Juan Miguel Zubiri stated that President Ferdinand “Bongbong” Marcos Jr. had instructed the Senate to lead the review of the economic provisions of the 1987 Constitution.
(el Amigo/MNM)
