Sen. Binay: No need to rush Cha-cha, focus on 'gut issues'

• Published date: 09 February 2023
• Publication title: Business Mirror

SEN. Nancy Binay sees no need for renewed efforts to tinker with the Constitution under the Marcos administration as the clamor to amend the Charter's economic provisions were 'already addressed.'

'If we are talking about amendments to the economic provisions in the Constitution, we have already addressed that in the last Congress with three vital economic liberalization laws that are intended to boost our economy and global competitiveness,' the senator pointed out.

She mentioned the Public Service Act (PSA), Retail Trade Liberalization Act and the Foreign Investments Act, pointing out, 'Yung mga nai-introduce nating mga economic reforms ay tugon doon sa mga kakulangan sa probisyon sa Constitution, at sagot sa mga isyu ng foreign equity limitation sa utilities, power, telecoms, transport at aviation, infra, at iba pang sektor.'

The senator reminded that country is 'still recovering from the impact of the pandemic,' but hastened to assure that 'we are confident these reforms are sufficient to encourage investors and...