Atty. Neri Colmenares, former Bayan Muna Partylist representative. Senate PRIB file photo / Joseph Vidal
MANILA, Philippines 鈥� Former Bayan Muna lawmaker and lawyer Neri Colmenares said on Thursday that the country鈥檚 struggles with corruption and poverty couldn鈥檛 be resolved by amending the 1987 Constitution to take out the prohibitive foreign ownership clause.
He noted in a House of Representatives hearing on constitutional amendments that South Korea and Taiwan achieved economic progress without major foreign direct investments (FDIs).
The former lawmaker made the remark as several bills to change the Constitution of 1987鈥檚 supposedly restrictive economic clauses, which forbid foreign ownership of firms and lands, have been lined up in the committee.
鈥淟ook at Taiwan and Korea, if you would look at their FDIs [鈥 those are foreign direct investments, look at them, their economies strengthened during the same time we had more direct foreign investments compared to them.听 South Korea industrialized by creating its own car companies, when the government supported that, the country progressed,鈥� he said in Filipino.
鈥淯litin ko lang, ang korapsyon at kahirapan natin ay hindi nagmula sa Konstitusyon, kaya ang pag-amyenda dito ay hindi solusyon,鈥� he added.
(I will say this again: corruption and poverty did not emanate from the Constitution, so amending this is not a solution.)
Colmenares鈥� presentation included figures showing the percentage of FDIs to the gross domestic product (GDP) of the Philippines in comparison to respective data from three countries 鈥� South Korea, Taiwan, and China 鈥� which are obviously faring better economically as of now.
The presentation showed that from 1985 to 1989, or including the first few years of the 1987 Constitution, the average percentage of FDIs in relation to the GDP of South Korea was at 0.5 percent, while Taiwan and China both had 0.7 percent.
The Philippines, on the other hand, had 1.1 percent.
鈥淎fter the 1987 Constitution was implemented, look at 1990-1994, (also in 1985-89) 1.1 (percent) for Pilipinas, only 0.5 percent of the GDP for South Korea were FDIs.,鈥� Colmenares said.听 鈥淚t鈥檚 0.7 percent for Taiwan, so all the while, for the Philippines, we always had a higher percent to GDP compared to theirs, but they are progressive countries.鈥�
鈥淭his FDI obsession 鈥� I mean, we have different kinds of positions here [鈥 but it should not be the main engine of growth.听 Are investments important?听 Yes, of course, but it should not be the main engine of growth.听 For me, Mr. Chair, the engine of growth should be national industrialization, pouring in capital and government support to local businesses and industries.听 That鈥檚 what Korea did. That鈥檚 what Taiwan did,鈥� he added.
Colmenares also underscored that having more foreign investments and business ownership, just like plans to alter the constitution to give way to foreign land ownership, would risk the country鈥檚 agricultural security and territorial integrity.
鈥�(Would they say that) 鈥業 won鈥檛 invest there because I cannot own land鈥�.听 But none of them can own land in China or Vietnam, yet both countries attract foreign investors also.听 So I cannot imagine why land is crucial to investors. That鈥檚 why we would sell it to foreigners,鈥� he said.
鈥淪elling land to foreigners is a concern of food security. If it is turned into a golf course, how will farmers plant rice and onions?听 Does it not concern national security?听 Of course, yes, if China buys all the beachheads there in Mindoro and Palawan, that鈥檚 a national security problem,鈥� he added.
At least two resolutions have been filed calling for amendments to economic provisions: Resolution of Both Houses (RBH) No. 2 by the former speaker and Marinduque Rep. Lord Allan Velasco wants changes in Article XII (National Economy and Patrimony), Article XIV (Education, Science, and Technology, Arts,听Culture and Sports), and Article XVI (General Provisions).
The changes advocated by the Velasco-authored RBH focus on adding provisions regarding land ownership by inserting 鈥渦nless otherwise provided by law鈥� which means laws may be passed allowing foreign ownership.
RBH No. 4 by Para帽aque 2nd District Rep. Gus Tambunting placed similar insertions of the 鈥渦nless otherwise provided by law鈥� phrase across Article XII, Article XIV, and Article XVI of the 1987 Constitution.
Both are already with the House Committee on constitutional amendments.
READ: Monsod tells congressmen: Political dynasty a 鈥榣ame excuse鈥� to amend 1987 Constitution听
This is not the first time that lawmakers called for amendments to the constitution.听 In January 2021, Cavite 4th District Rep. Elpidio Barzaga Jr. warned that failure to amend the constitution results in foreign owners tapping dummies to hold businesses for them 鈥� violating Philippine laws.
Still, many Filipinos are wary of charter change if surveys are to be believed.听 In 2018, 67 percent of Filipinos were found by Pulse Asia to be against amending the 1987 Constitution.
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