Advocates of cha-cha say their main aim is to spur the economy by removing constitutional restrictions on foreign investment.

ECONOMIST: The pace quickens in an old dance

Reformers have advocated making bounty-hunters subject to the same constitutional restrictions as the police, or even eliminating the commercial bail-bond industry altogether, as three states, including Illinois, have already done.

ECONOMIST: Bounty-hunters

In a televised address, he said he would not pursue the constitutional changes that would have removed restrictions on foreigners owning more than 40% of companies involved in natural resources, utilities or the media.

ECONOMIST: The Philippines