Velasco pushes Cha-cha for economic recovery

House Speaker Lord Allan Velasco is pushing for constitutional amendments to help the Philippine economy recover from the COVID-19 pandemic.

Velasco argues that amending the Constitution's restrictive economic provisions will attract foreign investment, which is crucial for job creation and capital formation across various industries.

The House Committee on Constitutional Amendments plans to reopen deliberations on RBH No. 2 this week, focusing solely on changing economic provisions.