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Site logo image iskup2015 posted: " 27 Pebrero 2023, Lunes happy love month...protect your heart, incorporate 52100 or five servings of vegetables and fruits, 2 gms of salt, 1 hr walk, zero smoking and zero liquor...  follow Derek Jorge's "Komedya o Komida"in People's Brigad" ISKUP!

iskup news-on-line daily

iskup2015

Feb 27

27 Pebrero 2023, Lunes

happy love month...protect your heart, incorporate 52100 or five servings of vegetables and fruits, 2 gms of salt, 1 hr walk, zero smoking and zero liquor... 

follow Derek Jorge's "Komedya o Komida"in People's Brigada News Manila
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'Cha-cha plebiscite  with barangay polls'

By Nidz Godino

"If  both Senate and  House approve resolution, and they also agree to  con-ass, we will now bring  issue directly to the people,  in  October barangay elections…it will now be  people who will decide yes or no…we need to move fast…if  economic amendments are approved in October, they can take effect immediately and Congress can pass new measures to open our economy to investments," Sen. Robinhood Padilla said if  Senate and House of Representatives approve  resolution seeking to amend  economic provisions of  36-year-old Constitution via constituent assembly in coming weeks,  nationwide plebiscite to ratify the same may be held this October to coincide with  barangay and Sangguniang Kabataan elections. Padilla, chairs  Senate committee on constitutional amendments, said there are two hurdles that must be overcome for  charter reforms to succeed: senators approving  resolution, and for  House to agree to amend outdated Constitution through  constituent assembly.

He stressed if country is not facing economic difficulties, he would have preferred  con-con, referring to  constitutional convention.

"But now that we are surviving on borrowings, we must prioritize  economic provisions," Padilla stressed.

A constituent assembly is composed of members of Senate and  House of Representatives convened as one charter-amending body. Proposed resolutions in  Senate and House have  two chambers voting separately if  body is convened.

House committee on constitutional amendments, chaired by Cagayan de Oro City Rep. Rufus Rodriguez, approved  Charter change resolution convening  con-con as  proposed mode to amend  Constitution to include its political provisions.

Members or "delegates" to  con-con are elected based on congressional districts.

But Padilla recently met  Rodriguez and other House leaders to appeal to them to agree to  constituent assembly mode to only change  Constitution's economic provisions, and was willing to plead with them again if needed.

He explained  House's preference for  constitutional convention meant Charter change would take years while requiring at least P11 billion in funding.

"I have humbled myself and gone to  Lower House and paid them my due respects… have discussed this with them... if need be, I will do it again," Padilla said, adding that need to address  economic problems of the country and help it progress through structural reforms is urgent.

House Minority Leader Marcelino Libanan suggested first check "cost-benefit" of  House-approved charter amendments via con-con.

"If we really want to tweak  economic provisions of 1987 Constitution to draw in more foreign investors, then we would need  baseline comparison of cost and benefit… most sensible approach  for us to ascertain whether  benefits outweigh  costs,"  leader of  28-member House minority bloc in the chamber said, calling on  National Economic and Development Authority to make  necessary analysis.

Libanan said NEDA should submit to Congress  detailed report on projected benefits in terms of foreign direct investments that would come in per industry,  number of new jobs that would be created, and  incremental tax revenues that would be generated.

4Ps party-list congressman urged  Department of Budget and Management to come up with reliable estimates with regard to "cost side" of  hybrid con-con equation, as stipulated in Resolution of Both Houses 6.

The opposition leader said government's budget and economic planners should perform  "cost-benefit analysis" of rewriting 1987 Constitution "for  purpose of relaxing foreign investment restrictions."

At present,  Constitution prohibits or restricts foreign ownership in various industries.

Foreigners, for instance, are barred from owning any equity in mass media, which is reserved only for Filipinos or entities that are 100 percent owned by Filipinos. Foreigners are also prevented from participating in exploitation of the country's marine resources in archipelagic waters, territorial sea and exclusive economic zone. They are likewise excluded from  small-scale utilization of natural resources in rivers, lakes, bays and lagoons.

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