Reputation Now Sits At The Leadership Table

Reputation is no longer built by words alone, but through consistent decisions, responsible governance, and leadership behavior over time.

Why The IFRS-GRI Alliance Is A Game-Changer For Corporate Disclosures

With IFRS and GRI working together, companies can build stronger reporting systems that serve both investor needs and broader public accountability.

Real-Life Education Made Simple: STI Adopts DepEd’s Enhanced SHS Program To Introduce Flexible Electives

STI’s Education for Real Life philosophy continues with a program designed to help students learn with clearer purpose.

The 2027 ESG Mandate: BSP’s Sustainability Reporting Rollout For Philippine Banks

Philippine banks are preparing for a phased ESG reporting mandate as the BSP moves to strengthen climate-related disclosures and financial system resilience.

Highlight Need For Bamboo Law In SONA, Stakeholders Ask PBBM

President Bongbong Marcos urged the need to enact bamboo industry laws to address poverty alleviation and climate change mitigation.


Highlight Need For Bamboo Law In SONA, Stakeholders Ask PBBM

45
45

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The enactment of a legal framework to guide the local bamboo sector is long overdue, and stakeholders are hoping that President Ferdinand R. Marcos, Jr. will highlight this fact in his second State of the Nation Address (SONA).

In an interview on Tuesday, Rene “Butch” Madarang, executive director of the Philippine Bamboo Industry Development Council (PBIDC), said a favorable mention during the SONA on July 24 may serve to hasten the Senate’s passage of the proposed Philippine Bamboo Industry Development Act.

The appeal came barely a month after the House of Representatives passed its version of the proposed law (House Bill 7941).

“Any statement (during the SONA) will do. What is important is that he (PBBM) can call public attention to the importance of bamboo in poverty alleviation and climate change mitigation,” Madarang told the Philippine News Agency (PNA).

He said the PBIDC is also in the process of reaching out to key senators in hopes of convincing them to fast-track the bamboo industry bill’s approval.

For his part, PBDIC vice chair and former House deputy speaker Deogracias Victor Savellano also appealed for the immediate approval at the Senate’s equivalent to HB 7941, which he said, “augurs well for the bamboo industry that has been waiting to be developed for years now.”

“The Marcos Administration can be known for a bamboo-led industrial development given immediate ratification of this bamboo law. We just have five years now, but surely we can manage the resource that we already have in abundance,” Savellano said in a statement.

The PBDIC said under the approved House version, private plantations registered with the Community Environment and Natural Resources Office (CENRO) of the Department of Environment and Natural Resources (DENR) are exempted from securing a cutting permit for the harvesting of bamboo.

They are also exempted from securing a transport permit for the bamboo materials as well as from the payment of forest charges and other fees for taxes that LGUs may impose, the council noted, citing incentives to be enjoyed by bamboo industry investors.

The PBIDC, an agency attached to the Department of Trade and Industry, is tasked with convening producers of raw materials, processors, marketing and promotion companies, and national and local government and agencies to discuss strategies to revitalize the bamboo industry

Meanwhile, a 2020 study by the DENR placed the global market for non-timber forest products, including bamboo, at USD17 billion.

More recently, former banker and nickel miner Isidro Alcantara Jr., now a bamboo and agri-tourism advocate, estimated that the Philippines can generate up to USD3 billion annually if it manages to plant 10 percent of China’s bamboo area. (PNA)