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The wisdom of amending constitution


Dr. Bernardo M. Villegas
Let me stress that I am in favor of opening up these strategic sectors to more foreign equity not because I believe in untrammelled free market economics.  Unrestrained free markets do not serve the common good.  There should always be a strong role of the State to prevent the undesirable consequences of the absolute autonomy of the market, such as monopoly power that hurts the consumers, the inequitable distribution of income and wealth, the destruction of local enterprises by all-powerful global corporations and the employment of slave labor by multinational corporations.  It is possible that ten to twenty years from now, some of these threats may loom very large in the global and domestic markets.  Then, it would be necessary to have our future Legislature limit once again the foreign ownership of our strategic sectors.  That is why, I find the phrase “unless otherwise specified by law” a wise legislative move.  It will still be incumbent ....

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PEZA opens first Pharma Ecozone in PH to be located in Bulacan


Photo from PEZA
PASAY CITY, Feb. 2   The Philippine Economic Zone Authority (PEZA) has officially granted Philstar Marketing Development, Inc. its registration as a developer/operator of First Bulacan Business Park (FBBP) in Malolos, Bulacan, the first mixed use ecozone in the province following the signing of its Registration Agreement on 27 January 2021, under Certificate of Registration No. EZ-21-01. 
This comes after President Rodrigo Roa Duterte issued Proclamation No. 1070 granting FBBP the status of a “special economic zone.” 
“We thank President Duterte for the proclamation of the First Bulacan Business Park, which is the first pharmaceutical ecozone registered under PEZA,” said Director General Charito “Ching” Plaza.  ....

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