MANILA, Philippines — Senate Minority Leader Franklin Drilon has called for the immediate passage of a bill amending the Retail Trade Liberalization Act, saying this would take off the “steam that powers the Charter Change train” in the House of Representatives.
According to Drilon, the proposal to amend the Retail Trade Liberalization Act aims to further relax foreign restrictions by removing investment categories and setting an across-the-board minimum paid-up capital investment equivalent of US$300,000.
“The immediate passage of this law will remove the steam that powers the Cha-cha train in the House of Representatives,” Drilon said during Tuesday’s plenary session as the Sen…
Keep on reading: Drilon: Amend retail trade liberalization law to stop ‘Cha-cha train’ in House