Members of the House of Representatives overwhelmingly approved a proposal seeking to amend the 1987 Philippine Constitution on March 6, 2023. Know more:
The Makati Business Club, Financial Executives Institute of the Philippines, Justice Reform Initiative, Filipina CEO Circle, Philippine Women’s Economic Network Inc., and Women Business Council Philippines issued a joint statement on Friday wherein they listed the points that they think the Senate should consider as it deliberates on whether to support current House-led moves to amend the Constitution.
While the groups said they have long supported proposals to amend economic provisions of the Constitution that “impede” trade, investment, innovation, competition, and economic and job growth, they believe that recently enacted reforms have addressed many of these “impediments.” “We believe that these reforms, combined with President Ferdinand R. Marcos Jr.’s efforts to revive local and foreign investment, can accelerate recovery and job growth at a time when the Philippines and the world face serious economic headwinds,” the business groups added.
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