Business groups say no to con-con

SIX business organizations said amending the Constitution is a "potentially disruptive proposal at a time when the country may be poised to regain its economic momentum."

In a joint statement released on Friday, the Filipina CEO Circle, Financial Executives Institute of the Philippines, Justice Reform Initiative, Makati Business Club, Philippine Women's Economic Network Inc., and Women Business Council Philippines said enacted laws such as the Public Service Act, Retail Trade Liberalization Act, the Foreign Investment Act, the passage of the Rice Trade Liberalization Act, and regulations like the Department of Energy (DoE) circular allowing 100 percent foreign ownership in the renewable energy sector "can accelerate recovery and job growth at a time when the Philippines and the world face serious economic headwinds."