Grace Poe: Amend Constitution for more jobs
By Mortz C. Ortigoza
POZORRUBIO – Presidential candidate Senator Mary Grace Poe acknowledged that amending the Constitution for 100% foreign ownership just like in Indonesia, Thailand, and Singapore, would generate more jobs among Filipinos.GRACE & CHIZ. Independent presidential candidate Senator Mary Grace Poe (2nd from right) and her vice presidential tandem Senator Chiz Escudero (standing) with senatorial ticket Congressman Noli Colmenares and Abono Party List Chairman Rosendo So during the press conference with the national and local reporters in Pozurrubio, Pangasinan last Friday. The Poe-Escudero ticket attended the town fiesta and barnstormed the town of Villasis and met thousands of students of the Urdaneta City University in Urdaneta City, Pangasinan. MORTZ C. ORTIGOZA
Senator Poe told reporters here, “How can Filipinos find a job when there are fewer investors that could provide employment in the Philippines”.
“Tama ang sinabi ninyo. Bakit? Walang namumuhunan sa atin sapagkat ang ating infrastructure (ay kulang). Paano sila makakarating sa lugar sa tamang oras kung walang utilities (like airport),” she said.
This was Poe’s answer to the pose by Northern Watch onhow pathetic the country was when it got only U.S$ 6.2 billion 2014 foreign direct investment (FDI) while FDI poured $ 9.2 billion in Vietnam, $ 22.6 billion in Indonesia, $12.6 Thailand, and S67.5 billion in Singapore in the same year according to the United Nations Conference on Trade and Development (UNCTAD).
Poe cited why foreign investors were lukewarm to pour their capitals in the country.
“Una, ang taas ng ating personal and corporate taxes. So bakit tayo mamumuhunan dito ang dami mong babayaran na buwis, doon na tayo mamuhunan sa ibang bayan sa China at sa Vietnam (First, we have a prohibitive personal and corporate taxes. So why they would invest here where they would be burdened with heavy taxes when they could go to China or Vietnam that offer them better incentives),” she said.
She declared that she was open to the amendment of the xenophobic 60-40 percent economic provision of the Philippine Constitution so foreign investors can own 100 percent of the business capitals in the country and not be relegated to the 40 percent as minority stock owners.
“Ngayon, doon sa sinabi mong amendment, ako ay bukas,” she said.
Poe is the first presidential candidate to publicly declare that she wants to change the economic provision of the Constitution to salvage the country from the malaise of scarcity of jobs.
She said if the Philippines do not change the business ownership landscape, foreign investors would not come to the country.
Poe and her vice presidential tandem Senator Chiz Escudero and their senatorial tickets that included Congressman Roman Romulo, Manila Vice Mayor Isko Moreno, daughter of Susan “Tots” Ople, Act-CIS Partylist Congressmen Sam Pagdilao and Bayan Partylist Congressman Neri Colmenares attended the fiesta of this town last Friday
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