‘Economic Chacha will leave more farmers landless’
‘Economic Chacha will leave more farmers landless’
By JANESS ANN J. ELLAO
Bulatlat.com
MANILA – Filipino farmers are worried as lawmakers approved on third reading the proposal to amend the Philippine Constitution, dubbed as the “economic Cha-cha” bill, allowing full foreign ownership of land and of the country’s resources.
Proponents of the Resolution of Both Houses No. 2, which was adopted on its third reading in the House of Representatives yesterday evening, claimed that opening up the economy to big, foreign powers will provide a more conducive climate for investment, resulting in job opportunities and the spurring of the country’s economic growth as it recovers from the onslaught of the pandemic.
But for Filipino farmers, allowing foreign multinational companies full ownership of land and other key finite resources may result in “irreversible economic and political repercussions” that may leave them landless.
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