Groups slammed the Committee on Constitutional Amendments for its approval of House Resolution 737 authored by House Speaker Prospero Nograles. House Resolution 737 seeks to amend Art. XII, Sec. 7 of the 1987 Constitution which states that only Filipinos and Filipino owned corporations can own private lands, utilize the country’s natural resources and operate public…
Tags: Foreign Land Ownership
On Nograles Cha-Cha Reso: Foreign Land Ownership Has Weak Link To Investment
“The experience of our Asian neighbors proves that the relationship between foreign land ownership and overall levels of investment is weak,” said IBON research head Sonny Africa. “This reinforces the suspicion that HR 737 is a ruse to justify charter change for self-serving political ends.” BY IBON FOUNDATION Posted by(Bulatlat.com) While the committee on constitutional…