foto Ben Kritz

While President Benigno Aquino 3rd and the pre-sumptive new Senate President Franklin Drilon have both expressed their disagreement with recent calls for constitutional amendments to remove perceived barriers to foreign investment, there is a sense that some kind of significant political and economic reform is nevertheless not only necessary within the next 18 months, but is actually entirely possible. Even though the administration’s position that improved, more inclusive performance can be achieved through institutional corrections is spectrally opposite that of influential groups like the Makati Business Club and the Philippine Chamber of Commerce and Industry that the needed changes are structural in nature, a growing number of people on both sides have expressed an interest in raising what is ordinarily a contentious debate above the fray and exploring viable options.

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