MVP backing Cha-cha?

By Jenny Reyes, ABS-CBN News

Posted at Mar 05 2014 10:53 PM | Updated as of Mar 06 2014 06:53 AM

MANILA - House Speaker Sonny Belmonte skirted questions on whether or not businessman Manny Pangilinan is behind the alleged railroading of Charter change at the Lower House.

"I have no idea so far," he said.

When asked whether he believed Pangilinan would benefit from Cha-Cha, Belmonte said," I don't really see why he would be singled out and say na siya makikinabang."

Belmonte is also expecting a number of businessmen to oppose Cha-Cha.

"I foresee maraming mago-oppose. They prefer status quo," he said.

On Monday, the House Committee on Constitutional Amendments approved the resolution seeking to amend economic provisions of the constitution. This includes sections that cover restrictions on foreign ownership.

Former Ambassador Rigoberto Tiglao recently made allegations through his column in The Manila Times that Indonesian business tycoon Anthony Salim owns a number of businesses in the Philippines.

Tiglao also said Salim was able to circumvent the Constitutional provision that limits foreign ownership to 40% with the help of Pangilinan.

Pangilinan is looking at acquiring a controlling stake in The Philippine Star, which is published by Belmonte's family.