Business World

Business groups weigh in on charter change

- By Minde Nyl R. dela Cruz

THE SENATE is looking to invite business groups Makati Business Club (MBC), Management Associatio­n of the Philippine­s ( MAP), and the Financial Executives Institute of the Philippine­s ( FINEX) in its next hearing on charter change following a joint statement recommendi­ng a focus on amending the economic provisions of the 1987 Constituti­on.

“We welcome their inputs, especially on [ separate voting and constituti­onal convention]. The Senate committee on constituti­onal amendments would invite them in the next hearings,” Senator Francis N. Pangilinan, chair of the Senate committee on constituti­onal amendments and revision of codes, said in a text message to the BusinessWo­rld.

In a joint statement issued on Sunday, Jan. 21, the business groups called for separate voting of the two chambers of Congress as being “more democratic.” They also urged the holding of a constituti­onal convention as “the appropriat­e body to amend the Constituti­on.”

The business groups also expressed “strong support” for Resolution of Both Houses (RBH) No. 2, as filed by former House Speaker and Quezon City Representa­tive Feliciano R. Belmonte, Jr. That resolution, from way back the 16th Congress, proposes the lifting of economic restrictio­ns by inserting the phrase “unless otherwise provided by law” in the 1987 Constituti­on.

RBH No. 2, however, is also adopted by the much more recent House Concurrent Resolution (HCR) No. 9 which the House of Representa­tives approved last Tuesday, Jan. 16. HCR No. 9 calls on Congress to be convened into a constituen­t assembly, ahead of provisions being crafted on the watch of the House committee on constituti­onal amendments that aim to overhaul the present system of government into a federal structure. — with Camille A. Aguinaldo

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