PCCI backs Charter Change, but after 2010

MANILA, Philippines – A business group has expressed support for constitutional amendments only if it would improve the country’s economic interest and to be done only after the 2010 elections.

Three business groups – the Makati Business Club (MBC), The Financial Exe-cutives Institute of the Philippines and the Management Association of the Philippines (MAP) – have issued a statement saying they are against the convening of a constituent assembly.

“If the proposed amendments to the Constitution are premised on specific provisions that aim to enhance the country’s competitive position globally, business will be willing to support it,” Philippine Chamber of Commerce and Industry (PCCI) president Edgardo Lacson said.

The business group called on the government to focus on the economy amidst opposing views on the proposed amendments to the Constitution.

Lacson said a change in the Constitution at this time would send off a “negative vibe” and turn off foreign investors, thus, disrupting the country’s economic activity.

“Executing change in the constitution is good especially if it is to amend certain laws that are no longer attuned to the present economic needs of the country,” Lacson noted.

He acknowledged that there is a need for systemic changes that are vital if the Philippines is to grow at a sustained pace and achieve long-term stability. 

Lacson pointed out, however, that pushing for charter change before the 2010 elections is divisive and would only cause political unrest as it gives the perception that the current administration is using this for term extension. This political instability would drive away potential investments, he said.

“We must show the world how serious we are in positioning the country for growth and stability,” he added. —Ma. Elisa P. Osorio, Philippine Star