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Ex-Finance chief Teves urges senators to remove restrictions in 1987 Constitution

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Former Finance Secretary Margarito ''Gary'' Teves expressed belief that removing restrictions in the 1987 Constitution would lift the Philippines from its present ''dismal position'' as the region's laggard when it comes to foreign direct investments (FDIs).

Former Finance Secretary Margarito ''Gary'' Teves expressed belief that removing restrictions in the 1987 Constitution would lift the Philippines from its present ''dismal position'' as the region's laggard when it comes to foreign direct investments .

Meanwhile, Teves also urged the Senate to lift the constitutional restrictions on land and natural resources, as well as mass media. The current Resolution of Both Houses No. 7 covers only advertising, education, and public utilities.

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Former Finance Secretary Urges Removal of Restrictive Economic Provisions in ConstitutionFormer Finance Secretary Margarito ''Gary'' Teves calls for the removal of restrictive economic provisions in the 1987 Constitution to attract more foreign investments and create more job opportunities for Filipinos.
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