needs to be revised along with bidders where bidding cannot be Commission on Audit (COA) rules and dispensed with, to prevent unwarranted regulations, as well as bidding procedures legal obstructionism. and the rules of engagement among Development of Strategic Industries Developing the strategic industries Of critical importance is the nature can make this sector a potential element of of technology to be utilized and the types national power. With its ample natural of industry that can support rapid and resources and huge skilled workforce, the sustainable economic development. Philippines could become another success Among the industries we need to develop story in the field of strategic industries, further are agriculture and aquaculture, something long overdue. aircraft, investment and banking, The long-term objectives are: (1) generate resources and wealth for the Filipino people; (2) expand, diversify and transform the economy of the country -from an agricultural to an industrial/ manufacturing economy; (3) provide sufficient jobs to sustain the Philippines’ growing population; and (4) accelerate biotechnology, construction, disaster prevention, electronics, environment, information and communications technology, land combat, manufacturing, robotics, satellite systems and space, shipbuilding, strategic materials and minerals, transportation, weapons, and tourism. nation-building, economic development, and stability of the country. (Annex B provides the list of strategic industries that are vital to national security.) [36]