Salceda: PBBM treats Charter reform as ‘urgent and of highest nat’l interest’

FOR President Ferdinand R. Marcos Jr., introducing economic Charter amendments is “urgent and of the highest national interest.”

That’s according to Albay Rep. Joey Sarte Salceda, who chairs the House Committee on Ways and Means, who said the President respects the present Constitution drafted during the time of the late President Cory Aquino and has consciously avoided commenting on it even during the election campaign.

“The president’s main governing theme is unity, so he is very careful about public perception and anything that has to do with EDSA ’86, especially its articulation of the Constitution. He is careful not to be perceived as dismantling the 1987 Constitution as he has been careful about all other vestiges of the ’86 revolution,” he told a news conference. 

“So, for the president to come out in support of the Charter change despite his usual reservation on such matters, clearly shows that he sees this as urgent and of the highest national interest. This is the first time that he has deviated from that position. If you look back since he ascended, or during the campaign, hindi po ito naging issue nuong 2022 election,” he said.

Salceda, one of the resident economists of the House, said while Congress has amended certain laws, the changes realized the flow of investments, the changes were insufficient to attract foreign investors because of restrictions in the Constitution. 

“I have repeatedly emphasized that if foreigners cannot own or have a more secure tenure over land, they will be less willing to invest heavily on capital-intensive sectors,” he added.

Salceda pointed out that he expects vigorous debates on the issue of land ownership.

“But, my personal view as an economist is that we need to open up land to some form of foreign ownership. Our most capital-starved sector is agriculture. In 2022, it accounted for just P1.3 billion in approved foreign investments, out of a total of P242 billion in approved foreign investments during the same year,” he stressed.

Asked if the President wanted a timeline for the Senate to approve Charter reform, Salceda, “I cannot speak for the President, but I can speak of his style based on my experience.”

He recalled that during the deliberations on the then proposed Maharlika Investment Fund (MIF), the President and the House gave him, as head of the technical working group, “unlimited leeway to listen to stakeholders and to institute safeguards and refinements to the measure.” 

“The President also allowed vigorous debate on the matter and did not weigh in on the details, just on the principle and the schedule. So, I think the style will be the same here. He will encourage vigorous debate on the details, but will strongly support the principle of economic amendments as well as the timeline for getting it done,” he said. 

  • Related Posts

    Cayetano pushes for DOLE, DBM inclusion in Education Cabinet Cluster

    SENATOR Alan Peter Cayetano suggested the inclusion of the Department of Labor and Employment (DOLE) and the Department of Budget and Management (DBM) in the proposed creation of a new…

    Marcos sends well wishes to Trump

    PRESIDENT Ferdinand R. Marcos Jr. extended his well wishes to former US president Donald Trump, who was rushed offstage due to an assassination attempt during his rally in Butler, Pennsylvania…

    You Missed

    Over P64-M aid benefits rolled out in Leyte caravan on its 2nd week

    • By admin
    • July 15, 2024
    • 3 views
    Over P64-M aid benefits rolled out in Leyte caravan on its 2nd week

    Cayetano pushes for DOLE, DBM inclusion in Education Cabinet Cluster

    • By admin
    • July 15, 2024
    • 22 views
    Cayetano pushes for DOLE, DBM inclusion in Education Cabinet Cluster

    Marcos sends well wishes to Trump

    • By admin
    • July 15, 2024
    • 17 views
    Marcos sends well wishes to Trump

    Cayetano offers prayers for Trump after assassination attempt

    • By admin
    • July 15, 2024
    • 7 views
    Cayetano offers prayers for Trump after assassination attempt

    Former President Trump sugatan sa assassination attempt

    • By admin
    • July 15, 2024
    • 25 views
    Former President Trump sugatan sa assassination attempt

    Bad jokes, toxic politics have no place in Bagong Pilipinas– Reyes

    • By admin
    • July 14, 2024
    • 20 views
    Bad jokes, toxic politics have no place in Bagong Pilipinas– Reyes

    Enhanced Rizal Program iginiit sa senado na paigtingin sa basic education curriculum

    • By admin
    • July 14, 2024
    • 15 views
    Enhanced Rizal Program iginiit sa senado na paigtingin sa basic education curriculum

    Rep Villar: ‘Adulting is difficult, never give up’ 

    • By admin
    • July 14, 2024
    • 13 views
    Rep Villar: ‘Adulting is difficult, never give up’ 

    Sports journalist na si Chino Trinidad , pumanaw sa edad na 56

    • By admin
    • July 14, 2024
    • 10 views
    Sports journalist na si Chino Trinidad , pumanaw sa edad na 56

    Romualdez sets House top priority to pass 2025 national budget

    • By admin
    • July 14, 2024
    • 48 views
    Romualdez sets House top priority to pass 2025 national budget

    Ex-Zamboanga Del Norte Gov., others face charges over alleged P900 million illegal donations 

    • By admin
    • July 14, 2024
    • 53 views
    Ex-Zamboanga Del Norte Gov., others face charges over alleged P900 million illegal donations 

    Honasan calls for military hospital ships in AFP modernization program

    • By admin
    • July 14, 2024
    • 37 views
    Honasan calls for military hospital ships in AFP modernization program

    Barbers: Drug reform law key in drug war

    • By admin
    • July 14, 2024
    • 27 views
    Barbers: Drug reform law key in drug war

    Security for PBBM’s 3rd SONA 100% ready

    • By admin
    • July 14, 2024
    • 25 views
    Security for PBBM’s 3rd SONA 100% ready

    ‘Young Guns’ seek probe into Davao’s ‘fake birth certificate mill’ for Chinese nationals

    • By admin
    • July 14, 2024
    • 28 views
    ‘Young Guns’ seek probe into Davao’s ‘fake birth certificate mill’ for Chinese nationals

    DOH hospitals promote Infection Prevention and Control activities in Ilocos region

    • By admin
    • July 14, 2024
    • 49 views
    DOH hospitals promote Infection Prevention and Control activities in Ilocos region

    Mabigat na parusa ihahain ni Tulfo, apat na ibapa sa mga nang scam ng senior citizen, PWD

    • By admin
    • July 14, 2024
    • 42 views
    Mabigat na parusa ihahain ni Tulfo, apat na ibapa sa mga nang scam ng senior citizen, PWD

    Nawawalang painting ni Fernando Amorsolo narekober ng NBI

    • By admin
    • July 13, 2024
    • 46 views
    Nawawalang painting ni Fernando Amorsolo narekober ng NBI

    Hontiveros renews call to declare July 12 as West Philippine Sea Victory Day

    • By admin
    • July 13, 2024
    • 52 views
    Hontiveros renews call to declare July 12 as West Philippine Sea Victory Day

    Anti-political dynasty bill ihahain sa senado

    • By admin
    • July 13, 2024
    • 77 views
    Anti-political dynasty bill ihahain sa senado

    Bato Dela Rosa hopes Malacañang considers urgency of reforming PNP

    • By admin
    • July 13, 2024
    • 50 views
    Bato Dela Rosa hopes Malacañang considers urgency of reforming PNP

    PH will continue to stand its ground in West Philippine Sea

    • By admin
    • July 13, 2024
    • 52 views
    PH will continue to stand its ground in West Philippine Sea

    House leader reminds Sara: Try to be more ‘circumspect’ with your remarks, avoid alarming statements 

    • By admin
    • July 13, 2024
    • 53 views
    House leader reminds Sara: Try to be more ‘circumspect’ with your remarks, avoid alarming statements 

    Speaker’s office rolls out P14.1M worth of benefits to 3,000 residents in Leyte

    • By admin
    • July 13, 2024
    • 66 views
    Speaker’s office rolls out P14.1M worth of benefits to 3,000 residents in Leyte

    Acidre pushes swift passage of civil registration, vital statistics bill

    • By admin
    • July 13, 2024
    • 51 views
    Acidre pushes swift passage of civil registration, vital statistics bill

    Proper decorum, tradition should be VP Duterte’s focus, not Netflix – House leader 

    • By admin
    • July 12, 2024
    • 101 views
    Proper decorum, tradition should be VP Duterte’s focus, not Netflix – House leader 

    Enchanted Kingdom celebrates Sikhayan Festival 2024 with a magical promo

    • By admin
    • July 12, 2024
    • 96 views
    Enchanted Kingdom celebrates Sikhayan Festival 2024 with a magical promo

    Acidre vows better seafarers’ rights; pushes for Magna Carta of Seafarers

    • By admin
    • July 12, 2024
    • 92 views
    Acidre vows better seafarers’ rights; pushes for Magna Carta of Seafarers

    DOH-Ilocos ground breaks new building in La Union

    • By admin
    • July 12, 2024
    • 118 views
    DOH-Ilocos ground breaks new building in La Union

    Major infra projects in Cavite to improve connectivity in Calabarzon – PBBM

    • By admin
    • July 12, 2024
    • 96 views
    Major infra projects in Cavite to improve connectivity in Calabarzon – PBBM

    Panel cites Michael Yang in contempt, orders his detention in Bicutan jail

    • By admin
    • July 12, 2024
    • 114 views
    Panel cites Michael Yang in contempt, orders his detention in Bicutan jail

    DOH turns over bagong Pilipinas mobile clinic to provinces of Ilocos region

    • By admin
    • July 12, 2024
    • 92 views
    DOH turns over bagong Pilipinas mobile clinic to provinces of Ilocos region

    Romualdez on VP Sara Duterte’s decision to skip SONA

    • By admin
    • July 12, 2024
    • 127 views
    Romualdez on VP Sara Duterte’s decision to skip SONA

    Mega Prime Foods ‘Mega Bigay Sustansya Program’ empowers children in Batangas

    • By admin
    • July 12, 2024
    • 107 views
    Mega Prime Foods ‘Mega Bigay Sustansya Program’ empowers children in Batangas

    Kadete sa Laguna patay sa parusahang ehersisyo

    • By admin
    • July 12, 2024
    • 97 views
    Kadete sa Laguna patay sa parusahang ehersisyo

    3,000 more Leyteños receive TUPAD, CARD aid in Tacloban, Tolosa

    • By admin
    • July 11, 2024
    • 78 views
    3,000 more Leyteños receive TUPAD, CARD aid in Tacloban, Tolosa

    House panel tries to find ‘missing link’ in alleged tale of 2 drug lords

    • By admin
    • July 11, 2024
    • 76 views
    House panel tries to find ‘missing link’ in alleged tale of 2 drug lords

    Salceda congratulates PBBM for successful PH bid to host Loss and Damage Fund (LDF) Board

    • By admin
    • July 11, 2024
    • 104 views
    Salceda congratulates PBBM for successful PH bid to host Loss and Damage Fund (LDF) Board

    Acierto testifies on Yang’s drug links, accuses Duterte of ordering his execution

    • By admin
    • July 11, 2024
    • 83 views
    Acierto testifies on Yang’s drug links, accuses Duterte of ordering his execution

    TPLEX extension project a milestone in PBBM infra program

    • By admin
    • July 11, 2024
    • 70 views
    TPLEX extension project a milestone in PBBM infra program