With or without the conviction of Chief Justice Renato Corona, foreign investors would still think twice before investing in the Philippines. Our outmoded Constitution should be amended, first and foremost its provisions pertaining to some relevant economic issues that impede the full development of our country. One main culprit is the full ownership of the land by a foreign investor, which our Constitution strictly prohibits.
As promised by the Aquino administration and most especially our lawmakers, some of the economic restrictions in our Constitution will be taken into serious consideration by Congress.
Let’s amend our Constitution soonest as our Asean neighbors are now reaping the economic benefits from its being obsolete.
—PEDRO REFUERZO JR.,
6737 Taylo Street,
Makati City