President Joseph Estrada recently signed a law that will ready the country against the millenium bug. The Year 2000 Readiness Act was hailed by the President as the government's guarantee that services in the telecommunications, utilities, finance, health care, manufacturing, and other key activities shall not be compromised by the onset of the year 2000. The President issued several guidelines in the readiness status against the Y2K bug:
Through the introduction of the guiding principles governing all Y2K transactions, the law is said to ease the burden on the country's trade and financial sector.
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