Administration lawmakers in the House of Representatives are pinning their hopes on their Senate counterparts to pass the economic Charter change bill before Congress goes on recess on May 24.
MANILA, Philippines —
“The utter failure of our country to attract the enviable level of foreign direct investment inflows enjoyed by our Southeast Asian neighbors is proof enough that our constitutional restrictions on foreign participation in local businesses is a deal-breaker for overseas investors,” he pointed out over the weekend.
Senators, however, have said they see no reason to rush Cha-cha, especially after a Pulse Asia survey showed an overwhelming 88 percent of Filipinos against it. Administration lawmakers raised a howl over the manner by which survey questions were framed, with House Deputy Majority Leader Janette Garin observing the reputable pollster made it like a “chopsuey” where non-economic queries were raised, and included issues that were not taken up.
“We’re OK with foreign investors because benefits to the people... because we are opening employment. The more we generate employment, we stop combat and poverty,” said Abdul Abedin III of Mindanao State University. Sheikh Tamim is scheduled to be in Manila from April 21 to 22 upon the invitation of President Ferdinand Marcos Jr. ...
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