Magsasaka Party-list nominee Robert Nazal

Magsasaka Party-list nominee Robert Nazal has joined the call to amend then 1987 Constitution, particularly for the purpose of making it more attractive to foreign investors. 

"The 1987 Constitution was rushed, so many of its provisions no longer align with our needs. This is the opportune time to revisit and change what needs to be changed. Let's ensure the fundamental law of the land is fair," Nazal said in a statement Sunday, Jan. 14. 

According to him, a key driver for economic growth lies in opening the country to foreign investors. 

However, he noted that this is currently impossible for the Philippines unless the outdated and restrictive economic provisions of the Constitution are amended. 

“We can boost the economy by embracing foreign investments. It's a strategic move that can lead to a more prosperous future for our nation," Nazal said, as he highlighted the potential benefits of a more open economic policy. 

Such open economic policy is being pushed right now by the House leadership through Charter change (Cha-cha). 

While the Senate hasn't shared the House of Representatives' eagerness when it comes to pursuing Cha-cha, a brewing attempt at a People's Initiative (PI) for constitutional amendments could still move the effort forward this 2024. 

Challenging current restrictions, Nazal pointed out, "Filipino businessmen invest abroad; why not welcome foreign investments in our own country? Encouraging this can benefit our economy." 

Nazal expressed concern about the Philippines lagging behind in development compared to neighboring countries that embrace foreign investors. 

"In a competitive world, strategic positioning is crucial," he stressed. 

“We need to develop the sectors of education, health, and agriculture. It would be a significant help if we are open to foreign investments in these sectors. This could lead to advancements and improvements that will benefit the entire nation,” added Nazal.