The bible of Philippine politics

I’m Against Term Extension – Belmonte

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The biggest opponents of a second term for President Aquino through a constitutional amendment are his principal allies in Congress, Speaker Feliciano Belmonte Jr. and Senate President Franklin Drilon. “I am against term extension,” Belmonte told the Inquirer in a text message on Tuesday.  Inquirer

Drilon told reporters that he and Belmonte agreed to cooperate only on a resolution that would amend the economic provisions of the Constitution, not on the amendment of the Charter’s political provisions. Belmonte is the main proponent of a pending resolution in the House of Representatives to amend the Constitution solely to lift foreign equity limits in investment areas restricted to Filipinos such as real estate and the media. Inquirer

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