Senator Nancy Binay said the proposed amendments to the economic provisions of the 1987 Constitution are “not a magic solution” to the problems confronting the Philippine economy and every struggling Filipino citizen.
In a radio interview, Binay questioned whether the proposed amendments would genuinely lead to lower prices of basic commodities.
“Hindi lang ito ang solusyon.”
“Hindi ito magic solution na kapag napasa, mawawala na lahat ng problema natin o okay na ang ekonomiya ng ating bansa. And I think baka kailangan namin din, isa ‘yan sa kailangang ibahagi din sa mga kababayan na kumbaga hindi lang ito ang solusyon,” the veteran legislator pointed out.
According to the seasoned lawmaker, the number one concern of Filipinos today based on various surveys is the steep prices of basic goods that is why it is important to manage the expectation of the people as discussions are underway to change the Charter.
“And then ‘di ba, parang kasi dito sa gagawin naming proseso, baka din false hope sa ating mga kababayan na kumbaga kapag binoto nila ito sa plebisito, after one month okay na, bababa na ang presyo ng bigas, or bababa na ang presyo ng krudo, or maaayos na ang problema natin sa kuryente. Pero hindi ganun ang mangyayari,” the lady senator added.
She urged the public to be aware that amending the economic provisions is not the sole solution to the challenges faced by the country.
The Senate, through a subcommittee headed by Senator Sonny Angara, has begun deliberations on Resolution of Both Houses No. 6, which seeks to amend three constitutional economic provisions related to public service, education and advertising.
During its first hearing, the subcommittee invited resource persons representing both proponents and opponents of amending the 37-year-old Charter.
It intends to continue engaging stakeholders from both sides to ensure that the public is well-informed about the potential benefits and drawbacks of the proposed amendments.
Binay stressed the importance of considering various factors and comprehensive solutions to address the country’s economic issues.
She urged her fellow lawmakers and the public to carefully listen to all perspectives before making any decisions regarding the proposed constitutional amendments.
“Pakinggan muna natin lahat bago ako magde-desisyon.”
“As of the moment, para sa akin kasi, pakinggan muna natin lahat bago ako magde-desisyon. But so far, base sa unang hearing, parang mas marami kaming naging resource persons na mas mabigat ang hindi muna napapanahon ang pagpalit ng ating Konstitusyon,” Binay remarked.
Insights from experts showed that solving the problems of Filipinos involves tackling many factors and taking different actions, a view she agreed with.
Binay pointed out the recurring issue of inconsistent electricity policies in the country, citing it as an example of a systemic challenge that needs to be addressed through legislation.
She highlighted the lack of consistency in policies whenever there is a change in administration, likening it to changing the rules in the middle of a game for business owners.
Binay questioned the feasibility of investing in a country where policies can change every six years.
Addressing the issue, she emphasized the importance of enacting laws to provide stability and predictability in the energy sector, ensuring a conducive environment for businesses to thrive.
