The biggest lie about Cha-cha

Pro-charter change (Cha-cha) legislators and advocates are so desperately trying to stir up a groundswell of public support that they’ve taken to foisting the biggest lie on the Filipino people: that removing the 40 percent cap on the foreign ownership of land, natural resources and certain industries will bring a deluge of foreign direct investment (FDI) that will spur the country’s economic growth.

It’s a false and flawed formula that’s been debunked in numerous surveys and studies by renowned global institutions.