1987 Philippine Constitution

The spectacular errors of economic cha-cha proponents

February 4, 2024

COMMENTARY

It has become Cha-cha etiquette to always sugarcoat political changes with promises of a bright economic future once the charter’s economic provisions are fixed.

Econ Cha-cha will not develop PH nor solve livelihood crisis — IBON

January 18, 2024

Cha-cha will only bring more of the same foreign investment liberalization that has stranded the country’s development for decades and left millions of Filipinos struggling amid a jobs crisis.

Political, economic, and cultural control under charter change

April 12, 2023

Proponents in Congress and their private sector cohorts are preoccupied with pushing for charter change. But this will be to the detriment of the Philippines and its people – politically, economically, and culturally.

On changing the economic provisions of the 1987 Constitution: More foreign investment does not mean more development

January 26, 2023

As the House Committee on Constitutional Amendments considers proposed amendments, IBON raises five major points on why economic provisions in the 1987 Constitution should be retained.

Duterte giving public utilities to foreign capital

February 3, 2022

Congress recently ratified the bicameral version of the bill amending the Public Service Act and opening up domestic sectors to 100% ownership by foreign capital. This includes telecommunications, shipping, airports, airlines, railways, subways, expressways and tollways. Passing this proposed law will be one-step-forwards-two-steps-backwards for the country.

Economic cha-cha is no vaccine for recovery or development

January 13, 2021

The economy’s development lies in using the protections in the Constitution to gain from foreign investment, not in taking away the protections and giving self-interested foreign investment free rein over the domestic economy.