Proposed Amendments for Better Regional Growth and Progress: Economic Liberalization: Amend

Foreign Ownership Restrictions: Relax restrictions on foreign ownership in strategic sectors to attract
foreign investment, technology transfer, and job creation. Promote Competition: Introduce provisions to
encourage competition and innovation, fostering a dynamic business environment conducive to regional
growth.

Decentralization and Local Empowerment: Enhance Fiscal Autonomy: Amend the constitution to grant
local governments greater fiscal autonomy, allowing them to raise and retain more revenues for local
development. Devolve Powers: Strengthen provisions for the devolution of powers to local
governments, empowering them to address local needs and preferences more effectively.

Land and Natural Resources Management: Flexible Land Ownership: Amend land ownership restrictions
to allow for more flexible arrangements, promoting efficient land use and investment. Empower
Resource-Rich Regions: Establish constitutional provisions for revenue-sharing and local participation in
the management of natural resources, ensuring equitable benefit-sharing and environmental
sustainability.

Infrastructure Development: Establish Regional Infrastructure Funds: Introduce constitutional

amendments to create dedicated funds for regional infrastructure development, financed through a
portion of national revenues. Streamline PPP Processes: Amend the constitution to streamline
regulatory processes and provide legal certainty for PPP projects, encouraging private sector
participation and investment in infrastructure.

By addressing these policy shortcomings through constitutional amendments, the government can
create an enabling environment for inclusive and sustainable regional growth, unlocking the economic
potential of all regions and improving the quality of life for all Filipinos. User cite specific policies and
plans

1. Economic Liberalization: Amend Foreign Ownership Restrictions: Modify Article XII, Sections 2 and 10
of the 1987 Constitution to relax restrictions on foreign ownership in strategic sectors such as
telecommunications, utilities, and natural resources. This could include increasing the allowable foreign
ownership threshold or allowing for exceptions based on national interest considerations. Promote
Competition: Introduce provisions to promote fair competition and prevent monopolistic practices. This
could include amendments to Article XII, Section 19, to strengthen anti-trust regulations and ensure a
level playing field for businesses, both domestic and foreign.

2. Decentralization and Local Empowerment: Enhance Fiscal Autonomy: Amend Article X, Section 6, to
grant local governments greater fiscal autonomy, allowing them to generate and retain more revenues
from local taxation and fees. This could empower local governments to finance their development
projects and services more independently. Devolve Powers: Strengthen provisions for the devolution of
powers to local governments under Article X of the Constitution. This could involve clarifying and
expanding the list of powers reserved to local governments, ensuring that they have sufficient authority
to address local needs and priorities.

3. Land and Natural Resources Management: Flexible Land Ownership: Amend Article XII, Sections 2 and
3, to allow for more flexible land ownership arrangements, such as longer lease terms or joint ventures
with foreign investors. This could facilitate more efficient land use and investment, particularly in
agriculture and real estate development. Empower Resource-Rich Regions: Introduce constitutional
provisions for revenue-sharing between the national government and resource-rich regions, as well as
mechanisms for local participation in the management of natural resources. This could include
amendments to Article XII, Section 7, to ensure that local communities benefit directly from resource
extraction activities.

4. Infrastructure Development: Establish Regional Infrastructure Funds: Amend the Constitution to

create dedicated funds for regional infrastructure development, as outlined in Article XII, Section 10.
This could involve setting aside a portion of national revenues or establishing specific taxes or levies for
infrastructure projects in underserved regions. Streamline PPP Processes: Introduce constitutional
amendments to streamline regulatory processes and provide legal certainty for PPP projects, as outlined
in Article XII, Section 16. This could include clarifying the roles and responsibilities of government
agencies involved in PPPs and expediting approval processes for project proposals. By enacting these
specific policies and plans through constitutional amendments, the government can address the
shortcomings of the 1987 Constitution and create an enabling environment for inclusive and sustainable
regional growth. These amendments would empower local governments, attract investment, promote
competition, and ensure equitable development across all regions of the Philippines.