HB05792: Enacted into law "RA11035" on June 15, 2018 | AN ACT INSTITUTIONALIZING THE BALIK SCIENTIST PROGRAM, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
This bill institutionalizes the Balik Scientist Program, encouraging expatriate Filipino scientists and technology experts to return and share their expertise in the Philippines. It aims to strengthen the country's scientific and technological capabilities, foster knowledge sharing, and accelerate technological advancement.
The bill provides incentives to returning scientists, including relocation assistance, tax exemptions, and support for research and development projects. It also facilitates their integration into the Philippine science and technology ecosystem, allowing them to contribute to the country's development.
The bill also mandates the Department of Science and Technology (DOST) to promulgate the implementing rules and regulations of the program, ensuring its proper implementation and management.