MANILA, Philippines — Despite concerns about its timeliness in light of the country’s ongoing coronavirus outbreak, the House of Representatives adopted the proposed economic charter amendment on final reading (Cha-cha).
The lower house adopted Resolution of Both Houses (RBH) No. 2 on Tuesday with 251 affirmative votes, 21 negative votes, and two abstentions. The resolution seeks to revise the 1987 Constitution’s “restrictive” economic measures.
The resolution passed with the needed 3/4 vote of the entire House.
The phrase “unless otherwise provided by law” would be added to the constitutional restrictions that limit foreign investors’ participation in the governing body o…
Keep on reading: House OKs ‘economic cha-cha’ amid pandemic concerns