Lifting the restrictive economic provisions of the 1987 Constitution could be the Philippines’ ticket out of its “third world” status, according to House Speaker Martin Romualdez.
Speaker Martin Romualdez waves the Philippine flag to thousands of overseas Filipino workers in Tokyo, Japan during the meeting with Filipino community on Feb. 12, 2023
“We believe that once we open it , and once we revisit the economic provisions, to make it less restrictive but more open or more—or at least competitive to other constitutions, then I think we will get, the final—also the final success that we all have been looking for,” Romualdez told the reporters, who covered President Ferdinand “Bongbong” Marcos Jr.’s five-day visit to Japan.
Business meetings dominated Marcos’ hectic schedule during his trip. Romualdez was among the top Philippine officials in his delegation. “We are identifying the Constitution now as the last piece of the puzzle…And I say this because we have a lot of competition in the region. The ASEAN is there and then a number of the economies…even in the Indochina region, there’s an integration there of the countries…and so their economy will be strong,” he said.
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