Worse than the problem

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CONGRESSMAN Feliciano Belmonte has filed a resolution urging both Houses of Congress to propose amendments to Articles 2, 12 and 16 of the Constitution.

These provisions restrict foreign exploitation of natural resources, and limits foreign investments to certain areas as well as ownership of public utilities, advertising firms and the media, among others. Belmonte says these provisions must be amended to address the continuing poverty in the country despite economic growth by relaxing restrictions on foreign investments.

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