President Rodrigo Roa Duterte (File photo) MANILA - President Rodrigo R. Duterte has signed an executive order (EO) directing the Department of Trade and Industry (DTI) to create a Franchise Registry for the protection of micro, small and medium enterprises (MSMEs). EO 169, signed by Duterte on May 12, recognizes that the franchising industry plays a crucial role in sustaining the country's economy by creating job opportunities, boosting consumption, and promoting tourism. "There is a need to intensify government efforts to strengthen the franchising industry to help businesses, especially MSMEs, by developing a transparent and business-friendly environment, and promoting fair and equitable practices," the EO read. EO 169 prescribes the minimum terms and conditions of franchise agreements. Non-MSME franchisees and franchisors may consider the minimum terms and conditions provided as best practice and incorporate the same in their respective franchise agreements. Under the
MANILA - President Rodrigo R. Duterte has signed an executive order (EO) directing government departments and agencies to utilize digital payments for government disbursements. EO 170, signed by Duterte on May 12, recognizes that the Covid-19 pandemic has highlighted the benefits of utilizing digital payment services across various sectors, as it enabled a fast, convenient, secure, and transparent mode of delivering government services and transacting business. "The adoption of digital payments for government disbursements will facilitate the expedient distribution of financial assistance to beneficiaries, thereby providing a catalyst for financial inclusion for the most vulnerable sectors of society, contributing to the attainment of the country's long-term vision under Ambisyon Natin 2040, and supporting our country's development trajectory towards an inclusive, resilient, and future-ready economy," the EO read. Under the EO, "all departments, agencies, and ins