Vice President Jejomar Binay expressed his concerns regarding the Charter Change, more known as Cha-Cha, in an interview during the Pabahay Caravan in Calapan, Oriental Mindoro. He was quoted saying “While the assurance was made that the amendments will focus only on economic provisions, there is still the chance that it will go beyond it.” Clearly, the second leader of the republic does not believe that the initiative is simply to promote the country’s competitiveness when it comes to economy as House leaders insisted.

 

He also said that amending the Constitution is not the priority of the President, and “This is purely a congressional initiative,” he added.

 

Still, the House of Representatives’ committee on constitutional amendments scheduled an October 11 resolution seeking revision of the Constitution’s economic provisions. The Senate and the House of Representatives also agreed last week to deliberate and vote separately on Charter change.

 

Other proposed reforms are expanding foreign investor roles in the exploration, development and exploration, development and utilization of natural resources, allowing foreign ownership of industrial and commercial lands, liberalization of the practice of profession in accordance with the principle of reciprocity, allowing foreign investment in tertiary education and the extension of the 25 years plus 25 years land lease agreement.Image

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