Drilon pushes for clearer rules on violations of GUIDE Act conditions bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
January 18, 2021 | 7:26 pm
CONGRESS should leave changes to the 1987 Constitution to the next administration, a senator said on Monday, noting that foreign ownership limits may be relaxed by law.
Charter change could also distract the government as it battles a coronavirus pandemic, Senator Franklin M. Drilon told an online news briefing.
âThe perceived problem could be addressed by passing a bill. Changing the Constitution is unnecessary now,â he said in Filipino. âMy suggestion is for the next Congress to make it its top legislative agenda,â he added.
Mr. Drilon cited pending bills seeking to encourage more foreign investors by amending the Retail Trade Liberalization Act and Public Service Act.