Amend Philippine Constitution Now, Later Or Never?
The Philippine 1987 Constitution thus far has many provisions with strong restrictions on the flow of foreign capital in some areas of economic activities and these include: (a) the first provision concerning the prohibition to foreigners to own land; (b) the exclusion of foreigners from the exploitation of the country’s natural resources; and (c) the limitation placed on foreign capital in the public utility sector. Under the 1987 Constitution of the Philippines, these limitations a