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GSIS
Doctrines:
Synopsis:
Paragraph 2, Art.XII of the 1987 constitution (Filipino First Policy, that provides
that there will be a priority in buying properties that includes those of National
Patrimony, such as this case where the issue is the sale of 51% stock of Manila
Hotel against Renong Berhad, a foreigner) is a self-executing provision and does
not need implementing legislation to carry it into effect
The controlling shares of the Manila Hotel Corporation form part of our
Patrimony as a nation
GSIS should give preference to the petitioner in the sale of the controlling shares
of the Manila Hotel Corporation, due to the Filipino First Policy.
It has been defined as the fundamental and paramount law of the nation.