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Too late to Cha-cha Written by Ninez Cacho-Olivares

Saturday, July 14, 2012

Too late to Cha-cha


There are many reasons Charter change is not likely to fly even under the Noynoy presidency, and Sen. Miriam Santiago’s reasons are pretty sound.

Despite claims of the congressional leaders that only the economic provisions — with the additional military provisions arising allegedly from the tensions and problems over the disputed areas in the South China Sea — will be tackled, and by a consituent assembly (con-ass), the fact is that the moment Charter change moves (Cha-cha) come, there is no one — not even the Senate leader nor the Speaker, who can stop any member of Congress from opening the floodgates for any issue brought up in plenary for amendments.

The truth is, to amend the Constitution merely to attract more foreign investors, won’t be the solution.
Investors will always pour their investment funds in any country — whether run under a dictatorship or a democracy — as long as profits can be made and the country’s peace and order problem is under control.

Investors don’t need to own land. They can always get close to 100 years lease in this country. As for the 60-40 percent sharing in favor of Filipinos, there certainly are many ways to get around this sharing percentage — and legitimately..... MORE

SourceThe Daily Tribune

URL: http://www.tribune.net.ph/index.php/commentary/item/1493-too-late-to-cha-cha

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