Gov't studying if Cha-cha needed for investments

Just how much economic provisions of the Constitution have gotten in the way of progress is a matter still being studied, President Marcos said yesterday, as lawmakers have again revived the idea of amending the Charter supposedly to make it more responsive to the times. 

- HELEN FLORES

“We’re just beginning to study, because we keep talking about economic provisions that are getting in the way of some of the potential investors that we are trying to bring to the Philippines,” Marcos told reporters after leading an event organized by the Maynilad Water Services Inc. in Muntinlupa City.

“What we are looking at here is the opportunity cost for those who would like to invest here, but somehow the laws that derived from the Constitution when it comes to the economic provisions do not allow them to or make it non-viable for them,” he said.

Marcos said the existing economic provisions of the 1987 Constitution are discouraging potential investors from proceeding with their plans in the country.

The study aims to evaluate ways to further boost investments, according to the Chief Executive.