MANILA, Philippines — Despite questions over its timing as the country continues to grapple with the coronavirus pandemic, the House of Representatives has approved on second reading the proposed economic charter change (Cha-cha).
After lengthy interpellations that spanned for a number of sessions, the lower chamber passed on Wednesday the Resolution of Both Houses (RBH) No. 2. which seeks to amend the “restrictive” economic provisions in the 34-year old 1987 Constitution.
Under the Resolution of Both Houses No. 2, the phrase “unless otherwise provided by law” would be added to the constitutional restrictions that limit theparticipation of foreign investorsin the governing body o…
Keep on reading: House approves ‘economic Cha-cha’ on 2nd reading