Y2K Updates Summary
The
Advisory report of Y2K Commission published in the Philippine Star newspaper dated
September 30, 1999 shows that out of the Four Hundred Sixty Four (464)
public and private companies that submitted their Year 2000 Disclosure, there
are Three Hundred Eighty Eight (388) companies that are Y2K ready. This shows an 83.62% of the total number and
the remaining 16.38% are still on the last stage of preparing their Y2K
disclosure.
The following are the different sectors
with their corresponding number of agencies/companies: that are Y2K ready and
Not Y2K ready.
|
Sectors |
Y2K Ready |
Not Y2K Ready |
|
Utilities |
24 |
3 |
|
Telecommunications |
46 |
7 |
|
Finance |
180 |
12 |
|
Manufacturing |
67 |
19 |
|
Government
Services |
24 |
14 |
|
Transportation |
28 |
|
|
Healthcare |
7 |
7 |
|
Others |
12 |
4 |
|
TOTAL |
388 |
76 |
The above data were the complete list
of figures as of September 15, 1999.
All companies and government agencies were instructed by the Y2K
Commission to submit their Year 2000 Readiness Disclosure report until September 30, 1999.
The province is now on the stage of
monitoring the Y2K readiness and the contingency plans of some agencies and
companies. On the above report of Y2K
Commission, it shows that some of these agencies and companies that can affect
the province are now Y2K ready.
The
Implementing Rules and Regulations of R.A.
8747 known as Philippine Year 2000 Disclosure and Readiness Act, defines Y2K Ready as the state inferred to
persons or entities whose Y2K compliant systems and products, if interfaced
with extraneous systems and products, may not necessarily produce Y2K
compliance, but nevertheless have already in place a contingency plan to deal
with the effects of the Y2K bug.
This
definition implies then that any company or agency in the province whose
systems and products that are not Y2K Compliant should at least be Y2K ready
and that they should have a contingency plan to deal with the effects of the
Y2K bug.
The
Provincial Y2K Task Force will now closely monitor/coordinate the contingency
plans of the following agencies:
|
Sectors |
Agencies/Companies |
|
Utilities |
NAPOCOR,
Caltex Phils., Petron Corp., and Pilipinas Shell Petroleum Corp. |
|
Telecommunications |
PLDT, Smart Communications |
|
Finance |
Bangko Sentral ng
Pilipinas, All Big Banks*, and Social Security System |
|
Government
Services |
Dept. of Budget
and Management |
|
Sectors |
Agencies/Companies |
Expected Date of Compliance |
|
Telecommunications |
Digital
Telecommunications |
October 31, 1999 |
|
Finance |
GSIS |
November 30, 1999 |
|
Transportation |
Philippine
Airlines |
November 30, 1999 |
*
Rural Banks not included in monitoring