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Experts from various sectors stressed the need to ease economic restrictions in the Constitution to bring in foreign investments, lower the costs of goods and services, and create jobs.
Senate President Juan Miguel Zubiri said on Monday, February 26, 2024, that President Ferdinand Marcos Jr. wants the ratification plebiscite for the proposed amendments to the 1987 Constitution to be done during the midterm elections in 2025.
"The total eradication of remaining nationalist economic provisions will only intensify chronic problems of unemployment, contractualization, denationalization, liberalization and privatization," the group said.
The People’s Initiative for Reform, Modernization, and Action (Pirma) brushed aside on Friday, February 16, 2024, the introduction of the withdrawal form for signatures in the signature sheets for the People’s Initiative (PI) by the Commission on Elections (Comelec).
Following the stand of the Catholic Bishops’ Conference of the Philippines (CBCP), the Catholic Educational Association of the Philippines (CEAP) has expressed opposition to the so-called People's Initiative (PI) aimed at amending the 1987 Constitution.