QuestionsQuestions (EXECUTIVE ORDER NO. 372)
To develop the potential of globally-competitive Philippine service industries through a market-based, private-sector-driven approach, harnessing synergy between public and private sectors for integrated master plans.
A Public-Private Sector Task Force for the Development of Globally competitive Philippine Service Industries, referred to in the EO as the “Task Force.”
EO 372, Sec. 2 provides functions including: identifying globally competitive service industries; formulating development plans with public-private partnership models; ensuring effective and timely implementation; initiating actions to mobilize concerned agencies and the private sector; monitoring and evaluating implementation; and submitting monthly reports to the President.
Health and wellness; retirement and leisure; information technology; and logistics (among others).
It must submit monthly report to the President through the Executive Secretary on the status of development plans (Sec. 2). It must also submit quarterly reports of all donations and quarterly reports of expenditures/disbursements to the DBM, Senate Committee on Finance, House Committee on Appropriations, and the Commission on Audit.
Acceptance of donations from foreign governments is subject to prior clearance and approval of the President of the Philippines upon recommendation of the Secretary of the Department of Foreign Affairs, pursuant to Republic Act No. 9206.
Receipts from cash donations and proceeds from sale of donated commodities are remitted to the National Treasury and recorded as a Special Account in the General Fund, available through a Special Budget pursuant to EO No. 292 (Book VI, Section 35, Chapter 5).
Funding for operational requirements is drawn from the President’s Contingent Fund.
Yes. Private sector entities must fund their own participation, including operational and promotional activities and feasibility studies. They are encouraged to secure funding through grants and other contributions from foreign and local private sector counterparts, subject to applicable laws and rules.
Members include: the Secretary of Trade and Industry; the Secretary of Foreign Affairs; Chairman of Clark Development Corporation; Chairman of Subic Bay Metropolitan Authority; and five (5) private sector representatives appointed by the President.
The Secretary of Trade and Industry and one (1) representative from the private sector are the Co-Chairs of the Task Force.
The Task Force must closely coordinate with the Senior Adviser on International Competitiveness. The Senior Adviser ensures the President’s directives on developing globally competitive service industries are efficiently and effectively implemented by the Task Force.
It may call on heads of departments, agencies, bureaus, or offices to provide assistance and cooperation as required (Sec. 3).
Yes. Resource persons from trade associations and local and foreign chambers of commerce may be invited during meetings to carry out the Task Force’s mandate.
The Task Force may accept donations in cash or in kind for purposes relevant to its functions, with foreign government donations subject to required approval. Receipts from donations must be accounted for in the books of the Task Force in accordance with pertinent accounting and auditing rules and regulations.
All executive issuances, rules and regulations, or parts thereof inconsistent with EO 372 are repealed, amended, or modified accordingly (Sec. 6).
It takes effect immediately.