The joint resolution of the House and the Senate proposes to amend the restrictive provisions of the 1987 Constitution by adding the phrase, “Unless provided by law,” to the general provisions of Article XIV, Paragraph 2, which provides that all educational institutions shall be owned solely by citizens and corporations or associations at least 60 percent owned by Filipinos.
“The Government shall establish and maintain a complete and adequate system of public education, and shall provide at least free public primary instruction, and citizenship training to adult citizens. All schools shall aim to develop moral character, personal discipline, civic conscience, and vocational efficiency, and to teach the duties of citizenship. Optional religious instructions shall be maintained in the public schools as now authorized by law.
Many cities in the country became educational centers – Manila and its environs, Cebu, Iloilo, Bacolod, Baguio, Cagayan de Oro, Dumaguete, Zamboanga, prominently among other regions-were becoming centers of private college education. By the 1970s, the Philippine educational system enjoyed a relatively high international and regional prestige. Many regional scholars and trainees were coming to the Philippines to learn from us.
Having no space to expand on this point, let me just say that most of them are now involved and some are already deeply invested: The Yuchengco Group, the Henry Sy Group, Phinma, Ayala Group, Metrobank, STI, and more.