11 January 2020

The Makati Business Club has consistently and vigorously supported initiatives to introduce flexibility to the restrictive economic provisions embedded in our Constitution. We continue to support this initiative but we believe that introducing any charter change fifteen months before presidential elections will only raise fears that other constitutional changes, some of which may be highly controversial, may be introduced and passed. Thus any attempt at Charter Change now will be highly divisive at a time when our country still needs to be totally united in our efforts to overcome the ill effects of the pandemic. MBC instead urges all major presidential and congressional candidates in coming 2022 elections to express their support for the relaxation of restrictive economic provisions in our Constitution and commit to initiate steps for the adoption of such provisions within the first 12 months of their term. 

For the joint statement of 13 business groups, click here.