PBBM signs into law Tatak Pinoy Act and Expanded Centenarians Act

PTVPhilippines

Transcript

00:00 Senior citizens 80 years and over but not a hundred yet, rejoice!

00:05 The Centenarian Act of 2016 has just been amended to guarantee you a cash gift of P10,000

00:12 for those aged 80 to 84 and P10,000 more every five years upon hitting 85, 90 and 95.

00:20 Likewise, homemade products manufacturers can look to more incentives with Republic

00:25 Act 11982 or the Tatak Pinoy Law, also inked today, that helps improve product quality

00:32 which our Alan Francisco hashes over in this report.

00:39 Good news for elderly Filipinos as President Ferdinand R. Marcos, Jr. has signed Republic

00:44 Act No. 11982, which amends the Centenarian Act of 2016.

00:50 It means that beginning today, once fully implemented, senior citizens can avail of

00:55 the cash gift starting from the age of 80 instead of 100.

00:59 Upon reaching 80 years old, a Filipino will receive P10,000 and every five years thereafter,

01:06 including ages 85, 90 and 95.

01:10 Under the new law, Filipinos upon reaching the age of 80 shall receive a cash gift of

01:15 P10,000 and every five years thereafter, and upon reaching the age of 85, 90 and until

01:23 95.

01:25 Marcos stated that the expansion of the Centenarian Act is the government's recognition of the

01:30 elderly Filipinos' contribution to nation building.

01:33 What they should get is the support infrastructure that every society owes to its graying population.

01:39 There were already close to 10 million seniors two years ago.

01:45 And there are some of the many of us here who have already crossed that Rubicon line.

01:53 Others we might be suspected of having passed this bill for ourselves in preparation for

01:59 our votage.

02:01 But as this demographic enlarges, the societal facilities that attend to them should be expanded

02:10 as well.

02:11 82-year-old Lola Corazon is happy with this law.

02:14 "Nakong, napakaswerte ko naman.

02:24 Ano ko.

02:25 Dahil mabibigay ako ng pampamili ng mga pagkain."

02:26 "So ano ko naramdaman niyo ngayon?"

02:27 "Masayang-masayang."

02:28 Senators applaud President Marcos for signing this law.

02:33 "Alam naman natin yung ating mga lola at lolo.

02:37 Sila yung nag-alaga sa ating mga nagtatrabaho ngayon.

02:42 Malaking utang na loob natin sa kanila."

02:44 "Actually, konti bonus lang ito eh sa laki ng hirap nila sa ating gobyerno, sa ating mga

02:50 anak.

02:51 So napakalaking bagay."

02:54 Senator Sherwin Gatchalian emphasizes this law recognizes a valuable contribution of

02:59 the elderly to society.

03:01 House Speaker Martin Romualdez stresses that this law honors a contribution of the elderly

03:07 to the nation.

03:08 In addition, President Marcos also signed Republic Act No. 11981, known as the Tatak

03:15 Pinoy Act.

03:17 This law aims to strengthen government and private sector collaboration in promoting

03:21 Filipino products and services globally.

03:25 President Marcos emphasizes that Tatak Pinoy goes beyond branding.

03:29 It provides incentives to purchase local products.

03:32 "It is about creating products and services of the highest quality because Tatak Pinoy

03:38 is also about excellence.

03:40 And as a seal of great workmanship, it must only be applied to those that meet this high

03:47 standard.

03:48 And as such, we shall give preference and priority to our products."

03:53 Senator Usande Angara, the principal author of the bill, commends the Tatak Pinoy Act

03:58 for strengthening the economy through enhanced coordination between the government and the

04:03 private sector.

04:04 President Secretary Mina Pangandaman expressed gratitude to the President for signing the

04:09 Tatak Pinoy Act, considering it's a promise fulfilled and evidence of Bagong Pilipinas'

04:14 transformative power.

04:16 Secretary Mina Pangandaman considers the Tatak Pinoy Act as a significant milestone in strengthening

04:22 Filipino enterprises.

04:24 Alan Francisco from the National TV Network, for a new and better Republic.

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