CABANBAN, Andrei Nathaniel D.

December 8, 2014
IV-Photon

1.) Republic Act No. 7581 THE PRICE ACT

- AN ACT PROVIDING PROTECTION TO CONSUMERS BY STABILIZING THE
PRICES OF BASIC NECESSITIES AND PRIME COMMODITIES AND BY PRESCRIBING
MEASURES AGAINST UNDUE PRICE INCREASES DURING EMERGENCY SITUATIONS
AND LIKE OCCASIONS
Macroeconomic Objective:
-

PRICE-LEVEL STABILITY

2.) Republic Act No. 7916 SPECIAL ECONOMIC ZONE ACT OF 1995
- It is the purpose, intent and objective of this Act:
a)To establish the legal framework and mechanisms for the integration,
coordination, planning
and monitoring of special economic zones, industrial
estates/parks, export processing zones and other economic zones;
b)To transform selected areas in the country into highly developed agro-industrial,
commercial, tourist, banking investment, and financial centers, where highly trained
workers and efficient services will be available to commercial enterprises;
c)To promote the flow of investors, both foreign and local, into special economic
zones which would generate employment opportunities and establish backward and
forward linkages among industries in and around the economic zones;
d)To stimulate the repatriation of Filipino capital by providing attractive climate and
incentives for business activity;
e)To promote financial and industrial cooperation between the Philippines and
industrialized countries through technology-intensive industries that will modernize
the country's industrial sector and improve productivity levels by utilizing new
technological and managerial know-how; and
f)To vest the special economic zones on certain areas thereof with the status of a
separate customs territory within the framework of the Constitution and the national
sovereignty and territorial integrity of the Philippines.
Macroeconomic Objective:
-

EXPORT AND IMPORT EQUILIBRIUM

3.) Republic Act No. 6657 CARP (Comprehensive Agrarian Reform

Program)
CARP, or the Comprehensive Agrarian Reform Program, is the redistribution of
public and private agricultural lands to farmers and farm workers who are landless,
irrespective of tenurial arrangement. CARPs vision is to have an equitable land
ownership with empowered agrarian reform beneficiaries who can effectively
manage their economic and social development to have a better quality of life.
One of the major programs of CARP is Land Tenure Improvement, which seeks to
hasten distribution of lands to landless farmers. Similarly, the Department offers
Support Services to the beneficiaries such as infrastructure facilities, marketing
assistance program, credit assistance program, and technical support programs.
Furthermore, the department seeks to facilitate, resolve cases and deliver Agrarian
Justice.
The legal basis for CARP is the Republic Act No. 6657 otherwise known as
Comprehensive Agrarian Reform Law (CARL) signed by President Corazon C. Aquino
on June 10, 1988. It is an act which aims to promote social justice and
industrialization, providing the mechanism for its implementation, and for other
purposes.
Macroeconomic Objective:
-

HIGH LEVEL OF EMPLOYMENT

LOW INVOLUNTARY UNEMPLOYMENT

4.) Republic Act No. 9160 Anti Money Laundering Act of 2001
- An act which defines the crime of money laundering and provides the
penalties therefore and for other purposes. Money laundering is a crime whereby
the proceeds of an unlawful activity are transacted, thereby making them appear to
have originated from legitimate sources. It is committed by any person who knows
that any monetary instrument or property represents, involves or relates to the
proceeds of any unlawful activity who
1. Transacts or attempts to transact said monetary instrument or property
2. Performs or fails to perform any act as a result of which he facilitates the
offense of money laundering
3. Fails to disclose and file an incident of money laundering

Macroeconomic Objective:
-

PRICE-LEVEL STABILITY
EXCHANGE RATE STABILITY

5) Presidential Decree No. 1464 Tariff and Customs Code of the Philippines
- A DECREE TO CONSOLIDATE AND CODIFY ALL THE TARIFF AND CUSTOMS
LAWS OF THE PHILIPPINES .
SECTION 1.
Codification of all Tariff and Customs Laws. All tariff and
customs laws embodied in the present Tariff and Customs Code and various laws,
presidential decrees and executive orders including new amendments thereto made
in this Decree, are hereby consolidated into a single Code to be known as the Tariff
and Customs Code of 1978 which shall form an integral part of this Decree.
SECTION 2.
Effectivity. The provisions of the Tariff and Customs Code of
1978 shall take effect immediately without prejudice, however, to effectivity dates
of the various laws, decrees and executive orders which have so far amended the
provisions of the Tariff and Customs Code of the Philippines: Provided, however, that
the tariff rates indicated in the previous executive orders are now hereby considered
statutory rates, except those which have been reduced to the zero level, in which
case the rates previous to the reduction will be considered the statutory rates.

Macroeconomic Objective:
-

IMPORT AND EXPORT EQUILIBRIUM