TODAY'S HEADLINES

Palace: Almost 80% of Etihad EY0424 passengers contacted for MERS-CoV screening 24-Apr-14, 5:06 AM | Azer N. Parrocha, Philippine News Agency

Jodie Foster marries girlfriend Alexandra Hedison 24-Apr-14, 4:15 AM | Eric Kelsey, Reuters

VIDEO | Children's corpses reveal desperate attempts to escape sinking Korean ferry 24-Apr-14, 3:07 AM | Jungmin Jang and Ju-Min Park (text) and Paul Chapman (video), Reuters

Marijuana may cause heart problems in young adults 24-Apr-14, 4:34 AM | Kerry Sheridan, Agence France-Presse

Aquino cool to Charter-change, says no certainty it can boost economy

InterAksyon.com
The online news portal of TV5

MANILA, Philippines - President Benigno Aquino III has maintained his aversion to Charter -change proposals, saying there is "no absolute certainty" that amending the 1987 Constitution will result in better economic conditions for the Philippines.

"There is no absolute certainty that if we lift the restrictions in our Constitution, there will be corresponding economic gain," the

President said in an interview in Davos, Switzerland at the sidelines of the World Economic Forum aired over state-run Radyo ng Bayan.

"Before we do Charter change, I think there should be concrete evidence that it would help our country," the President added.

Aquino last year ordered his economic and legal teams to study the basis for the Charter-change initiative being pushed by House Speaker Feliciano Belmonte Jr. and Senate President Juan Ponce Enrile.

But the President said he has yet to go through the findings of the study.

Aquino earlier warned that instead of spurring growth, Charter change might actually derail the country's economic takeoff.

"There's an American saying, don't fix what ain't broke," the President said.

The issue of Charter change has surfaced once again as foreign chambers of commerce and potential investors pointed to what are perceived to be restrictive limits on equity ownership by foreign business; and the negative list of areas where they are barred.

 

OTHER NATIONAL STORIES
BREAKING NEWS