February 24, 2024

Romualdez welcomes PBBM’s push for economic Cha-cha

Speaker Ferdinand Martin G. Romualdez  confers the  “Golden Maharlika Medallion” award to President Ferdinand “Bongbong” R. Marcos Jr. during the Philippine Constitution Association (Philconsa) and the Manila Overseas Press Club (MOPC) celebration of Constitution Day at Shangrila Hotel in Makati City Thursday afternoon.Also in photo is First Lady Louise “Liza” Araneta-Marcos.

SPEAKER Ferdinand Martin G. Romualdez today welcomed the statement of President Ferdinand Marcos Jr. that stress the need and urgency for amending the Constitution’s “restrictive” economic provisions.

“The President made it clear that these provisions hinder the entry of foreign investments and the potential for faster and inclusive economic growth, which in turn could translate into a better life for every Filipino,” he said.

“We are happy that he also took note of our consistent advocacy in the House of Representatives for changing those restrictive provisions for more than three decades since the 8th Congress, or since 36-37 years ago,” Speaker Romualdez, the leader of the 300-plus-strong House of Representatives, said.

Speaker Romualdez also lauded the President’s firm assurance that his support for reform, to “extends to economic matters only…nothing more.”

President Marcos gave such assurance in his message as Guest of Honor and Speaker at the Constitution Day hosted by the  Philippine Constitution Association (Philconsa) and the Manila Overseas Press Club Thursday night at the Shangrila Hotel in Makati City. 

“At the risk of being makulit, we have been saying that we do not advocate any political amendment,” said Speaker Romualdez, who is also the Philconsa President