MANILA, July 27 (Mabuhay) — House Speaker Feliciano Belmonte Jr. made a renewed push for the passage of economic Charter Change and the proposed Bangsamoro Basic Law (BBL) Monday at the start of Congress’ third and final regular session, saying it will complement efforts to promote inclusive growth.
In his opening speech at the first plenary meeting of the third regular session, Belmonte also urged his colleagues to pass several priority measures that will promote good governance and improve the Philippine economy.
Belmonte, the main proponent of the Charter change initiative in the House, said the passage of Resolution of Both Houses No. 1 will help attract investments that will “reverse the trend of de-industrialization and de-agriculturalization of the economy.”
He said it is only after these economic trends have been reversed that locators and investors will be encouraged to pour in more money into the manufacturing sector, where “better paying, decent jobs can be created.”
“This is the best strategy to ensure no Filipino will be left behind,” Belmonte said.
RBH 1 seeks to make changes to certain economic provisions in the Constitution related to the foreign ownership of land and businesses by inserting the phrase “unless otherwise provided by law” to indicate that the current restrictions will remain in place until Congress acts to amend them.
The House leadership had aborted the move to put RBH 1 to a vote for approval on third and final reading last June because they lack the numbers necessary to ensure its passage.(MNS)