MANILA — Malacanang announced on Sunday that President Benigno S. Aquino III has signed into law five bills aimed at economic growth, consumer protection, and enhancing the drug abuse law.
“Noon pong nakaraang Biyernes, ipinahayag ni Secretary (Manuel) Mamba ng PLLO (Presidential Legislative Liaison Office) ang paglagda ng Pangulong Aquino sa limang bagong batas,” Presidential Communication Operations Office Secretary Herminio Coloma Jr. said in a press briefing over dzRB Radyo ng Bayan Sunday.
The laws targeting economic growth are R.A. 10641: An Act Allowing the Full Entry of Foreign Banks in the Philippines, Amending for the Purpose R.A. 7721, and R.A. 10644: An Act Promoting Job Generation and Inclusive Growth Through the Development of Micro, Small, and Medium Enterprises.
Among the new laws for consumer protection are: R.A. 10642: An Act Strengthening Consumer Protection in the Purchase of Brand New Motor Vehicles, and R.A. 10643: An Act to Effectively Instill Health Consciousness through Graphic Health Warnings on Tobacco Products.
On the other hand, R.A. 10640 is for the amendment of the provision of R.A. 9165 to strengthen the law for drug enforcement. This is entitled An Act to Further Strengthen the Anti-Drug Campaign of the Government, Amending Section 21 of R.A. 9165, otherwise known as The Comprehensive Dangerous Drugs Act of 2002.
“Maaaninag sa mga bagong batas na ito ang pagpapatuloy ng mga reporma sa larangan ng ekonomiya at kabuhayan, paglikha ng mas marami pang hanapbuhay, at pangangalaga sa kalusugan at kapakanan ng mga mamamayan,” noted Secretary Coloma.