Business groups back cha-cha

As the unemployment rate in the country continues to rise, the Makati Business Club (MBC) pushed for amending economic provisions of the Constitution to “improve the inflow” of investments in the country.

In an interview, MBC Chair Ramon Del Rosario Jr. said the government should consider looking into the provisions of the 1987 Constitution that restrict complete foreign ownership of estates and corporations to “open up” certain areas of the economy.