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An advocacy group is urging two senators to act on two pending measures which seek to amend the Intellectual Property Code of the Philippines, saying existing laws remain helpless against online piracy.
These bills have remained unacted upon in the Senate after the change of committee chairmanships when the new chamber’s leadership took over a few months back. “Mahalaga itong intellectual property na ito. Mas lalong mauunawaan ito ni Senator Chiz dahil isa siyang abogado…Since abogado naman ‘yung chair ng komite na ito, napakahalaga na ipaunawa ang intellectual property, na kapag may mga piracy eh malinaw na isang uri ito ng pagnanakaw,” Climaco stressed.
According to IPOPHL, due to online piracy, the country has lost $781 million in 2022 and if remains unaddressed, the revenue loss will increase up to $1 billion.
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