The Business Processing Association of the Philippines, the umbrella association of the information technology-business process outsourcing industry in the country, said the signing of the Data Privacy Act by Malacañang into law was an important first step to increase confidence among foreign investors.
President Benigno Aquino III signed Republic Act 10173 on Aug. 15, which requires the protection and preservation of personal data collected by public agencies and private organizations.
Benedict Hernandez, BPAP president and chief executive, said the law “brings the Philippines to international standards of privacy protection.”
The act is based on standards set by the European Parliament and is aligned with the Asia-Pacific Economic Cooperation Information Privacy Framework. The Data Privacy Act requires the creation of a National Privacy Commission under the Transportation Department. Angara said the implementation of the law would require the training of experts and development of rules and regulations.