Little is known about a landmark piece of legislation that could potentially unleash the tremendous potential of Philippine-made products and local industries.
Earlier this year, President Marcos signed into law the Tatak Pinoy (Proudly Filipino) Act, which aims to encourage, support and promote the production and offering of Philippine products and services of increasing diversity, sophistication and quality by domestic enterprises that are globally competitive.
The new law provides that the State has adopted a policy of not only promoting and safeguarding the quality of Philippine products and services in both the domestic and global markets as a means of encouraging economic growth and consumer and business confidence in Philippine industries, but also of giving preference and priority to the procurement of local products and services by government agencies and instrumentalities.
By "sophisticated products and services," it refers to those that require a high level of technology, human capital, competencies or know-how, and infrastructure to be produced or offered.
Republic Act 11981 created the Tatak Pinoy Council, chaired by the Secretary of Trade and Industry, with the NEDA Director General and the heads of the Departments of Finance, Agriculture, Budget and Management, Information and Communications Technology, the Interior and Local Government, Labor and Employment, Science and Technology, and four private sector representatives as members.
The Council will serve as the policy and advisory body of the President and will be tasked with formulating policies and programs to diversify the productive capacities of domestic enterprises and increase the country's economic complexity.
Diese Geschichte stammt aus der December 07, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 07, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
SOFRONIO VASQUEZ'S PASSION AND DETERMINATION LEAD TO HISTORIC 'THE VOICE USA' VICTORY
DREAMS DO COME TRUE. However, there's a caveat or condition for one to make it happen.
OPM icons take pride in Sofronio Vasquez's big win
Sofronio Vasquez became the first-ever Filipino and Asian to win the hit US talent search \"The Voice USA.\"
Ricky Lee: Direk Ishmael Bernal will be happy and amused with 'Isang Himala'
Essaying the role of Elsa, the barrio lass who witnessed the apparition of the Virgin Mary that changed her life in director Ishmael Bernal's \"Himala\" (1982), is a huge challenge for any actress who will portray it, especially since it was originated by Nora Aunor.
ATE VI AS A GATECRASHER AND HER DREAM GUEST LIST
After six decades (and counting) in the biz, Vilma Santos practices quality control in the movies she puts her full emotional investment into.
All the Light Rail we can see
The Light Rail Transit 1 (LRT-1) Cavite Extension Project will increase the total number of LRT-1 stations from 20 to 28, covering several major cities including Quezon City, Caloocan, Manila, Pasay, and Parañaque, all the way to Bacoor, Cavite.
RUPERT JACINTO'S 'FAAABULOUS XII' GALA NIGHT
Rupert Jacinto's \"Faaabulous XII,\" a photo exhibit, book launch and fabulousity gala night, was held recently at the Marriott Grand Ballroom.
Lunches with Cedie
It was November of 1986, and Mom and I had gotten home from an extended trip visiting relatives in the States.
NGCP's P2.6-B Capas project gets ERC nod
The Energy Regulatory Commission (ERC) has given the National Grid Corp. of the Philippines (NGCP) the green light to develop a P2.59-billion transmission project in Capas, Tarlac.
Easing inflation, policy rates to support residential market
Softer inflation and lower policy rates would be favorable for the residential market, according to a professional services and investment management company.
Visa simplifies money transfers for OFWs, SMEs
Global payments platform Visa is strengthening its commitment to simplifying and securing digital money transfers for overseas Filipino workers (OFWs), digital workers, and small and medium enterprises (SME) owners especially this holiday season when remittances peak.