House pushes for constitutional reform to ease FDI restrictions

Despite a recent Pulse Asia survey indicating that 74% of Filipinos oppose amending the 1987 Constitution, proponents at the House of Representatives remain committed to constitutional reform.

House Majority Leader Manuel Jose Dalipe and other lawmakers argue that easing economic restrictions in the Constitution is necessary to attract foreign direct investments (FDI) and address societal needs.

Deputy Speaker David Suarez asserts that amendments can create a favorable environment for investment and innovation, driving economic growth and prosperity, while emphasizing that the goal is to empower Filipinos and strengthen the economy.

Senior Deputy Speaker Aurelio Gonzales Jr. stresses the importance of constitutional reform to reflect current realities, despite public skepticism.

The House has approved Resolution of Both Houses (RBH) No. 7 to amend restrictive economic provisions in the Constitution, with lawmakers acknowledging but not swayed by the survey results from Pulse Asia.