US pushing for charter change
US pushing for charter change
“For several decades now, even with these restrictions in place, foreign investors and multinationals repatriated billions of dollars in profits without any real and substantial contribution to the domestic economy and social development.” Rep. Luz Ilagan, Gabriela Women’s Party
By INA ALLECO R. SILVERIO
Bulatlat.com
MANILA – The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) said the United States governments wants a sweeter deal than the ones the Philippines government gave China and Japan in recent months. President Benigno Aquino III signed an agreement allowing China to lease 1.2 million hectares of land for agricultural production; earlier, he also allowed Japanese corporations to lease one million hectares for bio-fuel production.
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