Padilla wants to liberalize economic provisions in Constitution

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 Padilla wants to liberalize economic provisions in Constitution

Sen. Robinhood Padilla speaks during the Senate's plenary session on February 8, 2023.
📷: Voltaire F. Domingo / Senate PRIB


Padilla on Wednesday filed Resolution of Both Houses No. 3 which calls on Congress to convene as a constituent assembly and propose amendments to the Constitution, particularly its economic provisions. 


The Constitution restricts foreign investments in natural resources, private land, public utilities, educational institutions, mass media and advertising. 


“These economic provisions are perceived to be barriers to trade and investment responsible for the continuous decline of foreign direct investments, and placed the country as one of the most restrictive economies by international standards,” Padilla said in RBH No. 3.


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https://www.philstar.com/headlines/2023/02/09/2243737/padilla-wants-liberalize-economic-provisions-constitution

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