In the Philippines, lawmakers may start debates on constitutional amendments by February
By 20 January 2021
Flag of the Philippines (photo credit: pixabay)
Congressmen could start debates on proposed changes to the 1987 Constitution next month, according to the head of the House of Representatives committee on constitutional amendments. [ . . . ] Speaker Lord Allan Jay Q. Velasco wants to ease foreign ownership restrictions in the Charter to boost foreign direct investments.
Some lawmakers want to insert the clause “unless otherwise provided by law” in parts of the Constitution that limit foreign ownership in certain Philippine industries. This will allow Congress to pass a law later relaxing ownership limits.
Read the full article here: Business World