Proj Dev July 31 Notes

Group number 1 - presentation September 1
-yellow part

Nationalization laws: laws that give priority to Filipinos in Economic activities
Where to find:
• CONSTITUTION
-where in the Constitution?
IN ART 2:
• SEC 19: Filipinos have effective control
• SEC 20: Private sector participation
IN ART 12
• SEC 2: DEDU of natural resources
• SEC 3: Alienable lands can only be acquired by Filipino Citizens
• SEC 7: Private lands only to those who can acquire & hold Alienable lands
• SEC 10: Reservation of Areas of investment to Filipinos
• SEC 11: Public utilities limited to Filipino (operation upon acquisition of franchise/ certificate/privilege)
-what provisions have percentages:
• SEC 2: EDU of natural resources: State may enter into co-production, joint venture or production sharing w/ Fil citizens or private corp or assoc w/ at least 60% capital owned by Filipinos
• MASS MEDIA - 100%
□ But does it matter? No. Many Filipinos would not care if they're watching Filipino shows and non-Filipino shows.
□ Rationale appears to be we want to be in control. Why? We don't want foreigners to be controlling us - especially through media


• Anti-dummy law

Look at foreign investment negative list
-why ended up with those limitations
-continue with Anti-Dummy Law