Historical Context and Purpose
- The declaration coincides with the fiftieth anniversary of the Chamber of Commerce of the Philippines, founded in 1903.
- The Chamber was established to serve as an organization to represent the views and interests of Filipinos engaged in business.
Role and Advocacy of the Chamber of Commerce
- Since its founding, the Chamber has acted as the mouthpiece for Filipino businessmen.
- It has consistently promoted greater Filipino participation in business activities within the country.
Objectives of Declaring Business Week
- To direct public attention to the achievements and progress of Philippine businesses.
- To inspire and encourage further expansion and development of business enterprises.
- To improve the living standards of Filipinos through economic advancement.
- To contribute to the overall welfare and common good of the nation by developing its economy.
Official Proclamation and Authority
- The declaration is made by the President of the Philippines, exercising the powers conferred by law.
- Appropriate ceremonies and observances are strongly encouraged during the week to celebrate its significance.
Formal Execution and Authentication
- The proclamation bears the signature of the sitting President and the Acting Executive Secretary.
- The official seal of the Republic of the Philippines is affixed, signifying the authenticity and formal enactment of the declaration.