RP businesses support Estrada

RP businesses support Estrada

MANILA (AFP): The Philippines' main business groups will campaign for proposed amendments to the constitution by conducting "road shows" outside the capital, the presidential palace said on Thursday.

The Philippine Chamber of Commerce and Industry and the Employers Confederation of the Philippines will hold the first roadshows in the cities of Cebu and Baguio to "drum up support and create awareness" of the need for constitutional amendments, a palace statement said.

This would be in support of President Joseph Estrada's plan to convene Congress into a constituent assembly so it could pass certain amendments aimed at opening the country to foreign capital.

This includes lifting a ban on foreign ownership of land and on foreign control of certain enterprises such as infrastructure and media companies.