If plans do not miscarry, economic zones would soon operate in some of the country’s penal colonies. The Philippine Economic Zone Authority (Peza) and the Bureau of Corrections (BuCor) recently signed a memorandum of understanding for the establishment of those zones on idle lands of penal settlements. For starters, BuCor director general Gregorio Pio Catapang Jr. had said Peza could use around 25,000 hectares of the 28,000-ha Iwahig Prison and Penal Farm in Palawan that, according to
Congress keeps harping on the necessity to amend the Constitution supposedly because there’s a need to attract foreign businesspersons to invest in our country. But is there really such a clamor from foreign investors? Where is the data, statistics, and research that say that foreign businesspersons would have come in droves to invest in our country, if not for the limitations in our Constitution? The complaints of foreign businesspersons who refuse to invest in our country represent a variety of reasons but very little of them include restrictions in our Constitution, to my knowledge. Their major complaints are as follows: corruption; expensive
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