NEDA chief nanawagan sa mga mambabatas na agad magkasundo sa cha-cha

CNN Philippines

Umaasa si Socio-Economic Secretary Arsenio Balisacan na magkakasundo ang mga mambabatas sa paraan ng pag-amyenda sa Saligang Batas. Dahil kailangan daw ito para higit na mapaunlad ang ekonomiya ng bansa.   May ulat si senior correspondent Gerg Cahiles.  Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/  Follow our social media pages:  • Facebook: https://www.facebook.com/CNNPhilippines • Instagram: https://www.instagram.com/cnnphilippines/ • Twitter: https://twitter.com/cnnphilippines

Transcript

00:00 Whatever the same-interest amendment of the 1987 Constitution,

00:04 the way in which the House and Senate are pushing for it is different.

00:08 The Senate just wants to replace some economic provisions of the Constitution

00:13 through the separate discussion of the two branches of Congress.

00:18 The House of Representatives is being led by the signing of a signature to support the People's Initiative.

00:25 Earlier, the Social Economic Secretary, Arsenio Balisacan, called on lawmakers

00:31 to agree on how to amend the Constitution.

00:35 I hope that they can agree very soon because we don't also want that uncertainty

00:41 because one of the factors that inhibit investments,

00:47 whether it's domestic or foreign, is a state of uncertainty.

00:52 So we hope that our leaders will come to a common position quickly so that we can move on.

00:59 Yesterday, President Bongbong Marcos was given a separate hearing by Congressmen and Senators in Malacanang.

01:05 It was not mentioned whether it was about the Charter Change,

01:08 but Senator Sherwin Gatchalian was the first to call on the President on the issue.

01:13 I think that our President has mentioned that the Constitution was designed for a period

01:21 that was perhaps not too responsive to the current states of the world now.

01:29 So we need to address those, remove those.

01:32 But also underscoring that apart from eliminating those restrictions,

01:38 we need to do also a lot of other things because that's not the only problem

01:43 that we face as a nation when it comes to economic development.

01:48 Balisakan said that because of the unrestricted and unnecessary economic provision in the Constitution,

01:54 there are many wasted opportunities for foreign investments to enter the country.

01:59 Balisakan gave an example of education

02:02 on where foreign universities' campuses are located in the neighboring countries.

02:08 Of course, land. I myself would not be in favor of opening that up for foreign ownership

02:15 because for the obvious reason, once you do that, then ordinary Filipinos like you and me,

02:21 you know, would have difficulty owning lands because that will jack up the prices of land.

02:31 For 2024, the government expects a 6.5 to 7.5 percent economy.

02:40 This is despite the ongoing tensions in some parts of the world, rising prices of goods,

02:46 and the effects of the El Niño or severe drought in the first half of the year.

02:51 George Cahiles, CNN Philippines.

Category

Transcript

Recommended