SOURCE: Press and Public Affairs Bureau
19 March 2017 01:07:11 PM
The PDP-Laban Federalism Institute, Foundation for Economic Reform, Stratbase Albert del Rosario Institute (ADRi), Democracy Watch, and Congressional Policy and Budget Research Department (CPBRD) held a forum last March 8, 2017 on "Amending the Economic Provisions of the Constitution." The forum is part of the Federalism and Constitutional Reform Dialogue Series. Former Negros Oriental Congressman and Finance Secretary Margarito Teves discussed the proposed Amendments to the economic provisions of the Constitution while Dr. Bernardo Villegas (member of the 1986 Constitutional Commission), lawyer Anthony Abad (CEO, TradeAdvisors) and Dr. Alvin Ang (Director, Ateneo Center for Economic Research and Development) shared their insights. Addressing the participants, House Speaker Pantaleon D. Alvarez said: “Our Constitution includes restrictive economic provisions that resulted in unfortunate consequences. Participation of foreign capital has been limited if not totally excluded in key areas. This shielded and thus emasculated oligarchic monopolies from challenge and competition. As a result, goods and services are mediocre and expensive; the economy has been stunted from reaching its maximum capacity; job creation has been prejudiced and so have the standards of living for our people." Also in attendance were Deputy Speaker and former President Gloria Macapagal-Arroyo, Majority Floor Leader Rodolfo Fariñas, Committee on Ways and Means Chairman Rep. Dakila Carlo Cua , PDP-Laban Federalism Institute Executive-Director Jonathan Malaya, FEF President Calixto Chikiamco, Stratbase ADRi Executive-Director lawyer Katrina Clemente-Lua and CPBRD Director-General Dr. Romulo E. M. Miral, Jr.