revealed that President Duterte wants this cha-cha to remove the party list system because the communists have infiltrated the House through their party list representatives. Speaker Lord Allan Velasco promised that this cha-cha’s sole purpose is to add the phrase “unless otherwise provided by law” to seven economic provisions of the Constitution, which will allow, among others, ownership of land and telecom companies by foreigners. However, on Dec.
Worse, any member of the constituent assembly can demand that the constituent assembly vote as one body and not separately, resulting in the 304 House members outvoting the 24 senators. Any constituent assembly member can go to the Supreme Court for a ruling that the constituent assembly can propose any amendment to the Constitution, and that the constituent assembly should vote as one body. There is no certainty as to how the Supreme Court will rule on these two crucial issues.
The Constitution is not the reason why other Asean countries are receiving more foreign investments than the Philippines. In 2019, more than 80 percent of the $156 billion foreign direct investments in Asean went to Singapore, Indonesia, and Vietnam. However, like the Philippines, Indonesia and Vietnam do not allow foreigners to own any kind of land. Although Singapore allows foreigners to own commercial and industrial land, land values in Singapore are prohibitive.
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