MANILA Philippines — Senate president Senator Francis 'Chiz' Escudero hailed the resiliency of the local firearms manufacturer and dealers and said just like any other sector and industries need the full support and protection by the government.
Escudero said the Senate had already passed a law – Self Reliance Defense Act – and already presented it to President Marcos for signing. The said law will give way to building the country's own firearms and armament manufacturing plant.'Biibigyan natin ng insentibo ang ating mga local firearms manufacturer, at puwedeng mag-may-ari ang mga foreign investors up to 40 percent,' he added.
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