SPEAKER Ferdinand Martin G. Romualdez today welcomed the statement of President Ferdinand Marcos Jr. that stress the need and urgency for amending the Constitution’s “restrictive” economic provisions.

“The President made it clear that these provisions hinder the entry of foreign investments and the potential for faster and inclusive economic growth, which in turn could translate into a better life for every Filipino,” he said.

“We are happy that he also took note of our consistent advocacy in the House of Representatives for changing those restrictive provisions for more than three decades since the 8th Congress, or since 36-37 years ago,” Speaker Romualdez, the leader of the 300-plus-strong House of Representatives, said.

Speaker Romualdez also lauded the President’s assurance that his support for reform, to quote him, “extends to economic matters only…nothing more.”

“At the risk of being makulit, we have been saying that we do not advocate any political amendment,” he said.

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Ryan Ponce Pacpaco