TEXTBOOK ON THE PHILIPPINE CONSTITUTION
SECTION 5
SECTION 14
1.
Protection of rights of indigenous cultural communities to their ancestral lands............................................. 557
1. Promotion of national talent pool of Filipinos .................. 583 2. Encouragement of appropriate technology ....................... 584 3. Regulation of technology transfer ..................................... 585 4. Practice of all professions limited to Filipinos.................. 586
SECTION 6
1. Use of property bears a social function ............................. 559 2. Right to own, establish, and operate economic enterprises................................................................. 559
SECTION 15
1.
Agency to promote viability and growth of cooperatives to be created .............................................................. 587
SECTION 7
SECTION 16
1. Acquisition of private lands ............................................... 562 2. Prohibition against alien landholding............................... 563 3. Consequence of violation of prohibition ............................ 563
1. Formation, organization, and regulation of corporations........................................................... 589 2. Creation of government-owned or -controlled corporations............................................................... 590
SECTION 8
1.
Right of natural-born citizens who have lost their citizenship to acquire private lands......................... 564
SECTION 17
1.
Temporary take-over or direction of private business by the government .................................................... 591
SECTION 9
1.
Independent economic and planning agency headed by the President to be established ........................... 565
SECTION 18
SECTION 10
1. Government ownership of business................................... 592
1. Filipinization of certain areas of investments .................. 569 2. Higher percentage of Filipino ownership ......................... 569 3. Existing laws limiting certain activities to Filipino citizens or corporations............................................. 570 4. Regulation of foreign investments..................................... 571
SECTION 19
1. Meaning of monopoly ......................................................... 592 2. Regulation or prohibition of private monopolies .............. 593 3. Meaning of restraint of trade............................................. 593 4. Meaning of competition...................................................... 594 5. Meaning of unfair competition .......................................... 594 6. Combinations in restraint of trade and unfair competition prohibited.............................................. 594
SECTION 11
1. Meaning of franchise .......................................................... 574 2. Meaning of public utility.................................................... 574 3. Limitations upon grant of franchise, etc........................... 575 4. Purpose of limiting period of franchise ............................. 575 5. Equity participation in public utilities.............................. 576 6. Foreign participation in any public utility........................ 576
SECTION 20
1. Central monetary authority to be established.................. 596
SECTION 21
SECTION 12
1. Rules with respect to foreign loans ................................... 598
1. Adoption of “Filipino First’’ policy ..................................... 577
SECTION 22
SECTION 13
1. Acts which circumvent or negate Article XII.................... 598
1.
Promotion of trade policy that serves the general welfare.......................................................... 578
xliv
xliii
144
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