New creative bill approved to help PH economic recovery
The Philippine Creative Industries Development Act is forecasted to help the country’s economic recovery after the COVID-19 pandemic, said Speaker of the House of Representatives of the Philippines Lord Allan Velasco.
Velasco stated that this newly approved act will assist in providing opportunities to the creative industry as it is one of the sectors hit hardest by the health crisis.
Citing the 2020 labor market report by the International Labour Organization, the House Speaker noted that the arts, entertainment, and recreation sectors in the country have been identified as “high-risk sectors” as it experienced a decline in demand over the last year.
The Philippine Creative Industries Development Council will be created under the regulations of the bill to boost the sector, drive sustainable development, and create inclusive job opportunities for creative professionals.
Velasco concluded that “with this bill — together with the innate and natural talent of our people — we foresee the Philippine creative industries being at par with, if not exceeding, the world’s pool of talents in the coming years.”
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