The proposed “Tatak Pinoy” measure creates a 'Tatak Pinoy' council and strategy to establish metrics on how government agencies can prioritize local products and make them more globally competitive.
MANILA, Philippines — The Senate on Monday unanimously passed the “Tatak Pinoy ” bill — a measure that creates a national economic plan to boost local industries and diversify the local products that can be exported abroad.
“Tatak Pinoy started as an idea on how to make the Philippine economy stronger by empowering businesses and industries to produce better, more unique and sophisticated goods and services,” read a press release by the bill’s sponsor, Finance Committee Chairperson Sen. Sonny Angara. Economic complexity, as defined in the "Tatak Pinoy" bill, refers to the extent to which an area produces goods that are both diverse and unique, or products that few other areas can produce.
SB 2426 also proposes broader market access for Philippine products domestically and internationally. It also seeks to ensure access to financing for domestic enterprises, particularly Micro, Small, and Medium-sized Enterprises, through financial mechanisms such as low-interest loans, credit guarantees, and venture capital activities.
Manila Electric Co. is poised to end the year with record high earnings after finishing the nine months ending September with...
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