Plebiscite on economic charter change wanted on 2016 elections

“We will fast track the deliberation so the plebiscite for it will be done alongside with the 2016 national and local elections,” House of Representatives Speaker Feliciano Belmonte Jr. said. Amending economic provisions on the Philippines constitution is one of the priority of Congress before it adjourns on June 12.

Belmonte eyes to include the plebiscite in the upcoming 2016 national election to avoid further expenses. “We might have difficult time to get these several billions necessary for the plebiscite. The plebiscite is the crucial thing for economic Cha-cha,” he said.

Resolution of Both Houses No. 1 filed by Belmonte and Senator Ralph Recto seeks to add a phrase, “unless provided by law”, in several economic provisions disallowing foreign firms to own majority of shares on various businesses in the country.

If passed in Senate and the House via three-fourths of votes, amendments will be presented to Filipino people for plebiscite.