CONGRESS OF THE PHILIPPINES 
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SIXTEENTH CONGRESS 
First Regular Session 
SENATE 
s. No. 500 
INTRODUCED BY SENATOR FRANKLIN M. DRlLON 
EXPLANATORY NOTE 
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JUL -4 P 5 :13 
Mr. Peter Wallace is among the most known political and economic forecasters in the country. His 
company, The Wallace Business Forum, advises the Philippine government on foreign investments 
and other related economic concerns. The presence of Mr. Wallace in the country, as well as the 
invaluable assistance that he brings, has made himself an important voice for business and 
economic progress in the country In fact, he is an active member, committee chairman and/or 
director in a number of business chambers in the Philippines. He also writes a weekly column for 
the Philippine Daily Inquirer. 
Mr. Wallace was born in Australia on June 3, 1939. He began work at the age of 18 as a cadet 
engineer with the then Amalgamated Wireless of Australia. As regional manager for an American 
company, he convinced the firm to invest in a factory in the Philippines. He moved to Manila in 
1975 to build that factory. He then went on to lead, as CEO, two other Multinational Companies 
(MNCs) in the Philippines before establishing AYC Consultants in 1982. 
After Ondoy, when seven soldiers lost their lives rescuing civilians, Mr. Wallace founded through 
the Management Association of the Philippines, a foundation called A LIFE FOR OTHERS, to 
provide a house or similar benefit to the families of soldiers who have lost their lives rescuing 
others. He likewise founded the Caliraya Lake Conservation Society in 1999 with his Filipina wife, 
to protect the watershed of Lake Caliraya and conserve the surrounding forest of the area. Also, for 
many years, he was Chairman of A TRIEV, a school for the blind that provides computer skilis to 
blind youth. Mr. Wallace also became a Commodore ofthe Manila Yacht Club. 
Being a Philippine resident for morethan 37 years, Mr. Wallace is just as much a Filipino, if not 
more, as any other Filipino in the country. Having spent half of his life in the Philippines, Mr. 
Wallace had significantly immersed himself in Philippine culture, tradition and traits. As a matter 
. of fact, his warmth and hospitality is already innately Filipino. Truly, the heart and soul of Mr. 
Wallace reeks of everything that is profoundly Filipino. 
In'view of the foregoing, the passage of this bill is earnestly sought. 
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CONGRESS OF THE PHILIPPINES 
SIXTEENTH CONGRESS 
First Regular Session 
SENATE 
S. No. 500 
INTRODUCED BY SENATOR FRANKLIN M. DRILON 
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JUL-4 P5:13 
AN ACT GRANTING PHILIPPINE CITIZENSHIP TO PETER WALLACE 
Be it enacted by the Senate and the House of Representatives of the Philippines in Congress 
assembled: 
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SECTION 1. Peter Wallace is hereby granted Philippine citizenship with all the rights, 
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privileges and prerogatives appurtenant thereto. Upon taking and registration of the oath of 
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allegiance to the Republic of the Philippines, Peter Wallace shall enter the full enjoyment of the 
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Philippine citizenship. 
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SECTION 2. Repealing Clause. - Any law, presidential decree or issuance, executive order, 
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letter of instruction, administrative order, rule of regulation contrary to or inconsistent with the 
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provisions of this Act is hereby repealed, modified, or amended accordingly. 
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SECTION 3. Effectivity Clause. - This Act shall take effect fifteen (15) days after its 
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publication in at least two (2) newspapers of general circulation. 
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Approved, 
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