Metro Manila (CNN Philippines, December 5) — President Ferdinand Marcos Jr. signed two bills on Tuesday in a bid to accelerate the country’s move towards a digital economy.
The Public-Private Partnership (PPP) Code of the Philippines and Internet Transactions Act of 2023 were signed by Marcos while in isolation for COVID-19.
The PPP Code, or Republic Act 11966, was certified as urgent by the president in June and was ratified by the Senate in September.
A statement from the Presidential Communications Office said it will establish a “stable and predictable environment for collaboration between the public and private sectors to address the gaps in the infrastructure systems and also free up much-needed resources to enable the government to pursue other equally important projects and initiatives.”
Republic Act No. 11967, or the Internet Transactions Act of 2023, meanwhile, will give the public the tools to participate in the digital economy. It is among the priority legislations of the government.
