Financial consumers will now have more protection against cybercrime under a new law signed by President Rodrigo R. Duterte. Republic Act (RA) No. 11765
MANILA - Financial consumers will now have more protection against cybercrime under a new law signed by President Rodrigo R. Duterte. Republic Act (RA) No. 11765 or the "Financial Products and Services Consumer Protection Act", signed by Duterte on May 6, recognizes that the state must implement measures to protect consumers rights' such as right to equitable and fair treatment; right to disclosure and transparency of financial products and services; right to protection of consumer assets against fraud and misuse; right to data privacy and protection; and right to timely handling and redress of complaints. "It is the policy of the state to ensure that appropriate mechanisms are in place to protect the interest of consumers of financial products and services under the conditions of transparency, fair, and sound market conduct, and fair, reasonable, and effective handling of financial consumer disputes, which are aligned with global best practices," the law read.
(File photo) MANILA - President Rodrigo Roa Duterte has signed a law that aims to provide monetary aid to victims of the 2017 Marawi siege. Republic Act No. (RA) 11696, signed by Duterte on April 13 and was released to reporters on Wednesday, provides for the creation of the Marawi Compensation Board (MCB) headed by a chairperson and eight members. At least three members of the board must be members of the Philippine Bar, preferably Maranao lawyers, who have been engaged in the practice of law for at least five years; two representatives must be members of civil society organizations where at least one of whom is either a Sharia lawyer or a Muslim traditional leader; other members must be licensed physician; certified public accountant; educator; and licensed civil engineer. Under the law, the MCB will facilitate the tax-free payment of reparations to "qualified claimants" who lost residential and commercial properties due to the Marawi siege. "Any person who is a lawful
(File photo) MANILA - President Rodrigo Roa Duterte has signed a law that aims to provide monetary aid to victims of the 2017 Marawi siege. Republic Act No. (RA) 11696, signed by Duterte on April 13 and was released to reporters on Wednesday, provides for the creation of the Marawi Compensation Board (MCB) headed by a chairperson and eight members. At least three members of the board must be members of the Philippine Bar, preferably Maranao lawyers, who have been engaged in the practice of law for at least five years; two representatives must be members of civil society organizations where at least one of whom is either a Sharia lawyer or a Muslim traditional leader; other members must be licensed physician; certified public accountant; educator; and licensed civil engineer. Under the law, the MCB will facilitate the tax-free payment of reparations to "qualified claimants" who lost residential and commercial properties due to the Marawi siege. "Any person who is a lawful
President Rodrigo Roa Duterte (File photo) MANILA - President Rodrigo R. Duterte has signed two laws that recognize the significance of the abaca industry and egg industry in the Philippines. Duterte signed Republic Act No. (RA) 1170 declaring the province of Catanduanes as the Abaca Capital of the Philippines on April 15. Under the law, the state recognizes the importance of the abaca industry and its development as a driver of rural development not only because of its singular potential as a raw material that can increase the country's export earnings tremendously and put the name of the country in the map of the world for producing the biggest volume of abaca fiber but for having provided livelihood to many small farmers in the countryside. "In recognition of its status as the country's biggest producer of abaca and making the Philippines world-renowned as "Manila Hemp" in the fiber industry, and in support to the agricultural development of the province, it i