February 2, 2021 | 8:12 pm
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PHILSTAR
A HOUSE of Representatives committee on Tuesday adopted a resolution allowing Congress to lift restrictive economic provisions of the 1987 Constitution, supposedly to help the Philippine economy recover amid a coronavirus pandemic.
Voting 64 to three with three abstentions, the House committee on constitutional amendments agreed to insert the phrase “unless otherwise provided by law” in parts of the Charter that limit foreign ownership in certain Philippine industries, according to a statement posted on the House website.
This will allow Congress to pass a law later relaxing ownership limits.
Lawmakers agreed not to touch a section of the basic law that bars foreigners from owning land, the House said.