AN ACT TO ENCOURAGE PRODUCTIVITY AND MAINTAIN INDUSTRIAL PEACE BY PROVIDING INCENTIVES TO BOTH LABOR AND CAPITAL.

AN ACT TO LAUNCH AND PROMOTE COUNTRYWIDE INDUSTRIALIZATION THROUGH THE ESTABLISHMENT OF MANUFACTURING, PROCESSING AND RELATED INDUSTRIES BY PROVIDING FINANCIAL ASSISTANCE TO ENTERPRISES IN EVERY TOWN AND CITY NOT EXCEEDING P30 MILLION AND P40 MILLION, RESPECTIVELY, AUTHORIZING THE APPROPRIATION THEREFOR IN THE AMOUNT OF P1 BILLION PER YEAR FOR THE NEXT FIVE YEARS AS INITIAL CAPITAL, AND FOR OTHER PURPOSES.