The House Committee on Constitutional Amendments will continue holding public hearings and consultations on the proposed Charter change (Cha-cha), the panel chairman said on Monday.
The House Committee on Constitutional Amendments will continue holding public hearings and consultations on the proposed Charter change , the panel chairman said on Monday.
“In our hearings at the House of Representatives last week and in Cagayan de Oro City last Friday, the overwhelming recommendation was to rewrite the Constitution’s economic provisions to allow for more foreign investments,” Rodriguez said. He said the tweaking of the Charter’s economic provisions could be the “last piece in the puzzle” of attracting more foreign investments.
He said investment restrictions on foreign ownership range from requiring at least 60 percent Filipino ownership to total prohibition.
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