President unflinching on anti-Charter change stance

Whether it is economic or political amendments to the 1987 Constitution, President Benigno Aquino 3rd is not buying it, a Palace official said Saturday.

Deputy Spokesperson Abigail Valte revealed the President’s position following initiatives in the House of Representatives to revise the Charter to remove the 40 percent cap on foreign ownership in businesses and public utilities and allow a term extension for legislators.