PBBM inks 3 laws on on mental health, amendments to RTL, VAT Refund for Non-Resident Tourists Act
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NewsTranscript
00:00President Ferdinand R. Marcos, Jr. signed three laws that are geared towards addressing mental health issues in the youth
00:06and boosting the country's tourism as well as helping farmers.
00:10The chief executive signed Republic Act No. 12079, or VAT Refund for Non-Resident Tourists Act,
00:16which is expected to attract more travelers to the country
00:19and at the same time position the Philippines as the prime shopping destination in Southeast Asia.
00:25Also, the president signed into law the Basic Education, Mental Health and Well-Being Promotion Act,
00:30which would pave the way for the hiring and deployment of school counselors
00:34that will focus on taking care of the mental health of students.
00:38In the meantime, for the welfare of farmers and consumers, the chief executive signed Republic Act No. 12078,
00:45which seeks to extend the validity of the Rice Competitiveness Enhancement Fund, or RCEF, until 2031,
00:51as well as amend certain provisions of the Rice Terrification Law.
00:55From 10 billion pesos, the RCEF has been increased to 30 billion pesos.
01:02This law empowers our farmers to thrive and to help our country secure a stable food supply.
01:09By increasing investments in agriculture, providing more resources and creating a more competitive rice industry,
01:16we are laying the groundwork for a stronger, more self-sufficient Philippines.