Economic provisions na humaharang sa mga gustong mamuhunan, isinusulong ni PBBM na maamyendahan | 24 Oras - video Dailymotion

GMA Integrated News

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Transcript

00:00 In the middle of the talk about the charter change, President Bobo Marcos is targeting the provisions that prevent immigrants from moving abroad.

00:08 That's the joint force that Ian Cruz and I are talking about.

00:12 Economic provisions that are getting in the way with some of the potential investors that we are trying to bring to the Philippines.

00:23 That's what the 1987 Constitution that was started by the Constitutional Assembly is targeting.

00:30 Many people want to move abroad but because of the Constitution.

00:34 The economic provisions do not allow them to or make it non-viable for them.

00:39 And even though it is not mentioned that some are pushing for a change in the length of the terms and other political provisions,

00:47 the President is not only targeting the investors and the Philippines' future here.

00:55 The study is really not about the Constitution. It's about what do we need to change so that these potential investors will in fact come to the Philippines.

01:05 He mentioned the potential of the Poblacion Water Treatment Plant of Manila in Montinlupa City

01:13 that can clean water from Laguna Lake for the residents of Montinlupa, Paranaque, Las Piñas and Cavite.

01:21 The President said that he is hoping to feel the significant effect of El Nino when the first quarter of 2024 comes.

01:28 He said that the water supply is enough but it's a different story when El Nino reaches the second quarter of 2024.

01:37 What we need to do is to prepare a further capacity so that should the El Nino extend to the second quarter of next year,

01:50 we are still at the very least able to supply potable water.

01:54 The President mentioned that he is encouraging the residents, that's why he is assisting Cha-Cha.

02:00 One of his targets in the ASEAN-Japan Commemorative Summit is his last trip abroad this 2023.

02:06 Earlier, the President left for Tokyo, Japan.

02:09 As part of his invitation, he invited investors in renewable energy,

02:12 like the wind farms in Ilocos Norte that were planted by the governor of the province.

02:18 I will thus invite ASEC partners, Japan included, to invest in the Philippine renewable energy industry

02:25 to achieve not only the intentions of ASEC, but also the overall goal of the Paris Agreement.

02:33 The 2024 national budget is in full swing and he's still waiting for the BICAM report.

02:38 But he could sign it before Christmas.

02:40 Vice President Sara Duterte is the government's caretaker until the President returns on Monday night.

02:46 The vice president is not present at the departure ceremony earlier.

02:50 For GMA Integrated News, Ivan Meyrina and Ian Cruz, tuning in 24/7.

02:56 [music]

Economic provisions na humaharang sa mga gustong mamuhunan, isinusulong ni PBBM na maamyendahan | 24 Oras

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