ANGARA SPONSORS ‘TATAK PINOY’ BILL: Sen. Sonny Angara, chairperson of the Senate Committee on Finance, sponsors the proposed “Tatak Pinoy” (Proudly Pinoy) Act which seeks to create a multi-year strategy that would boost the capacity of local enterprises to offer globally competitive products, goods and services. Senate PRIB file photo
MANILA, Philippines — Senator Sonny Angara sees higher incomes and more job opportunities for Filipinos with the nearing institutionalization of the Tatak Pinoy (Proudly Filipino) Act.
Senate Bill No. 2426, otherwise known as Tatak Pinoy, seeks to promote the production and offering of Philippine products and services of increasing diversity by domestic enterprises that are globally competitive.
This bill is among the priority measures named by President Ferdinand Marcos Jr. It is also set for debates in plenary.
According to Angara, it is about time that a national strategy is created to hasten the growth and transformation of the Philippine economy “through strong collaboration between government and the private sector.”
“When the whole country enjoys and supports our own industries, there will be more jobs, higher wages, more businesses and better income, and more opportunities in the countryside for our countrymen to advance. For us, coming together to support Pinoy Brands industries is one of the most effective ways to make our economy better and more advanced,” said Angara in Filipino.
Once signed into law, Angara believes that Tatak Pinoy will bring solutions to problems such as poverty, trade and current account deficit, unemployment, low salaries among others.
“The crux of our proposal is to mandate all the relevant government agencies to work in tandem with the private sector, and ensure that their individual efforts jive towards helping Filipino enterprises produce better products and offer world-class services, resulting in better jobs and income opportunities across the country,” Angara said.
RELATED STORIES:
How to make PH products truly ‘Tatak Pinoy’
House exec files bills in response to President’s call during Sona