MANILA - The House Committee on Constitutional Amendments has started its public consultations for the amendment of the 1987 Constitution.
The House committee earlier voted to adopt the constituent assembly as the mode of the charter change.
Among those who were present at the consultations were Perry Pe of the Management Association of the Philippines, Assistant Governor Johnny Noel Ravalo of the Bangko Sentral ng Pilipinas (BSP), Executive Director Ma. Corazon Dichosa of the Board of Investments (BOI), and former Finance Secretary Margarito Teves of the Foundation for Economic Freedom.
The attendees limited their comments to the economic provisions of the charter, stating that they are not versed in the other aspects of the constitution.
The BOI, in its position paper, back the proposal to amend the economic provisions of the charter.
"DTI is of the view that it is necessary to amend or revise the Constitution, particularly its economic provisions to encourage more investments in the Philippines to make the Philippines a globally competitive economy," the position paper said.
"As to the preferred mode of amendment or revision, DTI defers to the Congress on the approach for the amendment/revision of the Constitution. Finally, it is proposed that all economic provisions under the Constitution, i.e. public utility, utilization of natural resources, educational institutions, mass media, et al be lifted/amended from the constitution, such that the regulation thereof be prescribed under an enabling law," it added.
The panel will meet once more on Wednesday for the economy and political provisions, and will schedule meetings next week for the legal aspects and other basic sectors that will be affected by the amendments.