{"id":57233,"date":"2015-07-27T21:30:36","date_gmt":"2015-07-27T13:30:36","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=57233"},"modified":"2015-07-27T21:30:36","modified_gmt":"2015-07-27T13:30:36","slug":"economic-chacha-revived-in-congress","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/07\/27\/economic-chacha-revived-in-congress\/","title":{"rendered":"Economic Chacha revived in Congress"},"content":{"rendered":"
\"House<\/a>
House Speaker Feliciano Belmonte Jr. (Photo courtesy of Cong. Regina Ongsiako-Reyes \/ YesMarinduque.com)<\/figcaption><\/figure>\n

MANILA — Speaker Feliciano Belmonte Jr. called for the passage of the economic charter change in the opening of the third regular session on Monday.<\/p>\n

Belmonte sought the passage of his\u00a0Resolution of Both Houses 1 which will ease the\u00a0foreign ownership restrictions in the Constitution.<\/p>\n

Belmonte was proposing to\u00a0add the\u00a0phrase \u201cunless otherwise provided for by law\u201d to the provisions\u00a0requiring 60 percent ownership to Filipinos and only 40 percent to foreigners in investments.<\/p>\n

\u201cIt is now in that same spirit that I urge you, our dear colleagues, to ensure that we finally pass Resolution of Both Houses 1. By amending the restrictive economic provisions of our Constitution., we empower Congress to enact laws that will attract the kind of investments that will reverse the de-industrialization and de-agriculturalization of our economy,\u201d Belmonte said.<\/p>\n

\u201cOnly then can we encourage locators and investors to expand our manufacturing sector, the area where the better paying decent jobs can be created. This is the best strategy to ensure that no Filipino be left behind,\u201d he added.<\/p>\n

Belmonte also clarified that though he is pushing for revisions in the economic provisions, he is “against extensive change of the Constitution.”<\/p>\n

\u201cIt\u2019s actually a message. its very tight to revive it, but because of all the talk about it many of the candidates are actually talking about changing the Constitution and so forth,\u201d Belmonte said.<\/p>\n

\u201cLet me just make it very plain in my view, I\u2019m against extensive change of the Constitution. But definitely I\u2019m in favor of changing and aligning economic conditions with the rest of the world, particularly our region. And that message will (resonate),\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — Speaker Feliciano Belmonte Jr. called for the passage of the economic charter change in the opening of the …<\/p>\n","protected":false},"author":44,"featured_media":26564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"class_list":["post-57233","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news-ph","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/57233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=57233"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/57233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/26564"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=57233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=57233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=57233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}