A couple of months ago, there was news on the Internet that Representative Carmelo Lazatin of the First District of Pampanga had sent a letter of invitation to Disneyland CEO to build a Disneyland near the former Clark Air Force Base in Pampanga. The problem is that a 60% Filipino ownership is required for a foreign company to operate legally in the Philippines as mandated in the Philippine Constitution.
Since a Disneyland Park in Pampanga will be a huge economic boost to the country, I am suggesting that Congress either abolish or amend the Constitution on the 60% Filipino ownership requirement or passed a law to give an exemption to Disneyland. Here's the news from Manila Bulletin Online.
Manila Bulletin Online via Yahoo! News reports that Pampanga first district Representrative Carmelo “Tarzan” Lazatin has written The Walt Disney Company chairman and chief executive officer Robert Iger requesting him to consider Clark for their next Walt Disney park.
The solon said Clark’s 4,400 hectare main zone and 27,600-hectare subzone will be “the best place for a new Disneyland,” according to the report. In his letter dated April 11, 2012, Lazatin reportedly said:
“Aside from the huge space it provides, the Clark Freeport Zone can be an attractive destination for Disneyland theme park because of the tax-free privileges given to locators. The airport will be making it easier for tourists to enjoy the amenities and entertainment Disneyland is famous for without the hassles of long travels. Together with our population of more than 90 million Filipinos, a Disneyland theme park in the Philippines could be a major income generating site for your company.”
In Asia, Disneyland theme parks are situated in Hong Kong, Tokyo (Japan), and Shanghai (China)
Netizens were quick to react on the matter. One commenter posted that it is not possible for Disneyland to happen because of the forty percent foreign ownership limit under the 1987 Philippine Constitution, unless Congress will amend or abolish such policy.
What’s do you think of my suggestion?
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