Charter change move rejected

“[Charter change] is not in our minds right now. It’s not in our priority agenda,” Senate Majority Leader Juan Miguel F. Zubiri told BusinessWorld, noting the Senate has no counterpart measure on the issue.

House Resolution 737, filed by Speaker Prospero C. Nograles, was approved on Tuesday by the committee on constitutional amendments, revision of codes and laws.

The proposal, which seeks to spur investments by also allowing foreign corporations to fully own lands besides lifting the 60-40 ownerhip limit in firms, does not, however, specify the mode of amending the Constitution.

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