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NR # 3859C
country.
Continuing ASEAN economic integration leading to the establishment of the ASEAN
Community at the end of this year should spur us to further action and preparation. The
Philippines should not miss out on the greater flow of investments, goods, services, and
capital across the region.
Yes, there will be greater cooperation among the countries in the region but that will not
preclude intensified competition. This should be clear to everyone, especially to policy
makers and those in the business sector. But that competition must not mean a race to the
bottom in terms of lowering labor standards, or of lowering safety and environmental
yardsticks.
Our country must therefore continue to pursue the development of a globally competitive
economy to uplift the living condition of every Filipino. As we maintain macroeconomic
stability, raise infrastructure support, reduce the cost of doing business, improve
governance, and promote peace and order to attain real and lasting progress, we must also
equip our people with the necessary competencies, partner labor with better applied
research, provide workers with productivity incentives, a safe and decent workplace, and
the chance of owning a home.
If we partner the Filipino worker with affordable housing and a reformed public healthcare
system, the education of his children, and the proper respect and protection of his rights,
he will produce world-class products and provide world-class services.
Toward improving the competencies and productivity of our human resources, we have
enacted into laws the following during the Second Regular Session:
Ladderized Education Program,
Iskolar ng Bayan Act and the
Open Learning through Distance Education in Post- Secondary and Tertiary Levels
Act.
Soon we will also have a law providing for Open High School System for Out of School
Youth and Adults. We have also passed on third reading the bill on the Promotion of
Positive Discipline and Non-violent Discipline of Children.
We have also approved on third reading the:
Strengthening of the Crop Insurance System,
Promotion of Micro-Enterprise Development Institutions,
Amendments to RA 8974 to Facilitate the Acquisition of Right-of-Way and
Tax Incentives Management and Transparency Act.
Under consideration of its respective bicameral conference committees are the Unified
Student Financial Assistance for Higher and Technical Education, and the Act
Strengthening the Probation System. Amendments to the Cabotage Law will be sent to
enthusiastic participation. Thank you to the members of the Secretariat for your support.
Thank you everyone and I wish you all a restful, restorative, but still productive break.
I now declare this Second Regular Session of the 16th Congress adjourned sine die.