Mr Lee Posted August 10, 2011 Posted August 10, 2011 Well it is a start if it passes, but they should also allow ownership of the land (of reasonable size) that a home sits on.MANILA, Philippines - Lawmakers at the House of Representatives Committee on Constitutional Amendments have tackled the economic provisions in the 1987 constitution they want changed. In a slide presentation to his colleagues, committee chairperson Rep. Loreto Leo Ocampos listed the following amendments: removal of provision for the exclusive control and management of Filipinos over companies in the Philippines with foreign equity removal of the 60%-40% equity limits in companies favoring Filipinos expanding the role of foreign investors in the exploration, development and utilization of natural resources allowing foreigners to practice their profession in the country with the principle of reciprocity foreign investments in tertiary education extension of 50-year land lease limits allowing foreign ownership of industrial lands allowing foreign investments in media Read more at the link above. 1 Link to comment Share on other sites More sharing options...
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