Purisima sees no need to amend Constitution

Purisima sees no need to amend Constitution [1]

ABS-CBNnews.com | 01/31/2013 12:34 PM

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MANILA, Philippines - Finance Secretary Cesar Purisima does not see the need to amend the Constitution or remove its restrictions on foreign ownership in some industries.

While American economist Nouriel Roubini says foreign ownership liberalization would help attract more investors, Purisima says the government needs more time to study the possible amendment.

The Finance chief says there are conflicting views among the private sector.

Purisima adds government is focused on how to give the country more flexibility to attract and accommodate investments from overseas. - ANC

as of 01/31/2013 12:34 PM

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DOF: Now is not the time to amend foreign ownership rules [12]
MVP: PH foreign ownership rules need to be updated [13]
SEC says foreign ownership rules may be more liberal [14]
Foreign direct investments decline 46.5% in October [15]
SEC ruling on foreign ownership

Purisima sees no need to amend Constitution [1]

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