What is the nature of undisclosed information/trade secret?

Those trade secrets are of a privileged nature. The protection of industrial property encourages investments in new ideas and inventions and stimulates creative efforts for the satisfaction of human needs. It speeds up transfer of technology and industrialization, and thereby bring about social and economic progress. Verily, the protection of industrial secrets is inextricably linked to the advancement of our economy and fosters healthy competition in trade. (Air Philippines Corporation v. Pennswell, Inc., G.R. No. 172835, Dec. 13, 2007)