The Philippine Chamber of Commerce and Industry, the “voice of Philippine business,” concurs with Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco, Jr. and National Economic and Development Authority chief Ralph Recto in saying that the change in constitution at this time would give a negative vibe and turn off foreign investors, thus, disrupting the country’s economic activity.

According to PCCI President Edgardo G. Lacson, “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.”

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

Changes in the constitution should focus on the economic provisions for the Philippines to move forward, create more jobs, alleviate poverty, and face global competition.