5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

House remains firm on ‘Cha-cha’ despite public resistance in Pulse poll

by
March 31, 2024
in Stock
0
House remains firm on ‘Cha-cha’ despite public resistance in Pulse poll
PHILSTAR FILE PHOTO

By Kenneth Christiane L. Basilio

THE HOUSE of Representatives leadership reaffirmed its support for Charter change (“Cha-cha”) despite a Pulse Asia Research, Inc. poll last month showing 74% of Filipinos are against it regardless of timing.

Foreign ownership restrictions in power utilities, education and advertising must be lifted to attract foreign direct investments (FDI), Deputy Speaker and Quezon Rep. David C. Suarez said in a statement on Sunday.

“Amendments to the Constitution can create a conducive environment for investment and innovation, driving economic growth and prosperity,” he said. “Ultimately, the intention behind economic ‘Cha-cha’ is to empower Filipinos and strengthen our economy.”

Seven of 10 Filipinos are against a proposal to change the 1987 Constitution, according to the results of Pulse Asia’s poll this month.

In a statement last week, the pollster said 74% of Filipinos did not see the need for Charter change regardless of timing.

This opinion is echoed by small to big majorities in the various areas and classes, it added.

It said 8% of Filipinos thought the Charter should be amended now, while another 8% were open to it under the next government.

Pulse Asia said 6% of Filipinos opposed constitutional amendments now but support it at some other time under the present government, while 4% were undecided.

Opposition to Charter change increased by 43% from last year.

“While we acknowledge the survey results, we cannot ignore the pressing issues that require legislative action,” Majority Leader and Zamboanga City Rep. Manuel Jose M. Dalipe said in the same statement.

The House push for constitutional amendments despite public opposition is rooted in the need to introduce policies that they will likely benefit from, Hansley A. Juliano, a lecturer at the Ateneo de Manila University’s Department of Political Science, said in a Facebook Messenger chat.

“For the longest time, our politicians have been taught that neoliberal and free trade policies are the only thing that works,” he told BusinessWorld. “It’s difficult to accept something in good faith from a politician who is likely to benefit from what he’s legislating.”

Senior Deputy Speaker and Pampanga Rep. Aurelio D. Gonzales, Jr. in the same statement said the Constitution must be amended to “reflect the realities of today.”

The 1987 Constitution is “still viable today,” said Michael Henry Ll. Yusingco, a senior research fellow at the Ateneo’s Policy Center.

“The Constitution as a whole still reflects our values and principles,” he said via Messenger chat. “Why are the economic provisions no longer suitable today? None of the lawmakers claiming the Constitution is outdated has answered these questions.”

Previous Post

Senator seeks probe of taxes on cross-border services

Next Post

Marcos boosts maritime security as tensions with China escalate

Next Post
Marcos boosts maritime security as tensions with China escalate

Marcos boosts maritime security as tensions with China escalate

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    The challenges of students in Mindanao

    The challenges of students in Mindanao

    July 27, 2025
    LANDBANK powers cashless fare payments in MRT-3

    LANDBANK powers cashless fare payments in MRT-3

    July 26, 2025
    Pushing for the mainstream use of bamboo in construction

    Pushing for the mainstream use of bamboo in construction

    July 26, 2025
    Budget-Friendly Compliance Tips for Growing Operations

    Budget-Friendly Compliance Tips for Growing Operations

    July 25, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.