Marcos directs agencies to boost support for inventors

President Ferdinand Marcos Jr. directed government agencies to strengthen support for Filipino inventors, citing the need to protect their intellectual property rights, ensure access to research grants, and turn ideas into startups. He made the remarks at the National Invention Contest and Exhibits Awards in Malacañang.

Speaking at the National Invention Contest and Exhibits Awards in Malacañang, President Marcos acknowledged the challenges inventors face, including lack of funds and limited access to modern technology.

He said the real challenge is bringing inventions to market so they can benefit the public.

"I have given instructions to the Department of Science and Technology and all other relevant government agencies to strengthen financial and technical support for our inventors," Marcos said.

The directive aims to enhance protections for intellectual property rights and accelerate innovation in the country.

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President Marcos Jr. announcing PUV aid, fuel subsidies, and barangay support to counter Middle East crisis impacts on fuel prices and livelihoods.
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Marcos approves PUV aid, fuel subsidy and P8-billion barangay support amid Middle East crisis

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President Ferdinand Marcos Jr. has approved a service contracting program for public utility vehicles, a P10-per-liter fuel subsidy starting April 15, and the release of P8 billion in assistance for over 42,000 barangays nationwide to cushion impacts from the Middle East crisis such as higher fuel prices, a weaker peso, and threats to livelihoods, Malacañang said Thursday. PUV drivers will receive additional income of P40 to P100 per kilometer, while commuters get at least 20% fare discounts on routes linked to trains and major bus lines.

President Ferdinand Marcos Jr. stated that the administration's commitment to national security remains firm during the Philippine Army's 129th anniversary at Fort Bonifacio. He vowed to continue modernizing the military and enhancing the Army's role in external defense.

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Following $16 million in consumer goods export deals and seven MOUs signed earlier in the visit, Philippine and South Korean firms inked additional agreements at a forum attended by Presidents Ferdinand Marcos Jr. and Lee Jae-myung on March 4. Marcos highlighted partnerships in shipbuilding, nuclear energy, aerospace, critical minerals, supply chain, retail, and health sectors as key to economic ties.

Malacañang has urged prompt investigations into alleged anomalies and the freezing of corruption-linked assets, following the Bangko Sentral ng Pilipinas' admission that the country risks returning to the Financial Action Task Force 'gray list' due to corruption issues.

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In an open letter, tax expert Mon Abrea urges President Ferdinand Marcos Jr. to overhaul the Philippine tax system beyond just abolishing the travel tax. The letter highlights that Filipinos pay multiple taxes but receive inadequate public services and economic opportunities. It calls for comprehensive reforms to restore trust in government.

Senator Sherwin Gatchalian is urging the government to mobilize an inter-agency response to protect jobs and provide financial lifelines to micro, small, and medium enterprises struggling from the economic fallout of the Middle East conflict. He warns that the current fuel crisis will severely impact the labor market.

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Economic managers are set to meet today to submit proposals to President Ferdinand Marcos Jr. addressing soaring oil prices from the Middle East war. Presidential Communications Undersecretary Claire Castro said the Development Budget Coordination Committee discussed measures including fuel excise taxes. The UPLIFT committee meeting is also scheduled.

 

 

 

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