bared it is important that Filipinos should retain the ban on foreign
ownership of land in the present constitution.
Land is one of the important natural resources that should be reserved
exclusively for Filipinos, Pimentel stressed.
"While I am for liberalizing some of the economic provisions of the
1987 constitution, we should retain some of these protectionist
provisions as these will be for the benefit of Filipinos," Pimentel
emphasized.
Pimentel, who topped the 1990 bar examinations, was appointed by
former President Joseph Estrada as member of a commission tasked to
look into possible changes of economic provision of the 1987
constitution.
However, Pimentel said he dissented from the report of the commission
when it was submitted to the President.
"It was mainly because the report recommended the removal of the ban
against foreign land ownership that I cast my dissenting vote,"
Pimentel noted.
If ever the people decide to make changes in the constitution, it is
important that the ban against foreign land ownership be retained,
Pimentel said.
While foreigners are banned from owning land in the Philippines, there
are many ways by which foreigners are legally allowed to exercise
certain control over real estate properties other than full land
ownership, Pimentel explained.
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PIMENTEL FOR SENATOR MOVEMENT HEADQUARTERS
BF Condominium Room 316 BF Homes Condominium, Soriano Avenue,
Intramuros, Manila
Email: votekoko@pimentel2007.org Website: www.pimentel2007.org
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