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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 645 -
ABOLISHING THE NATIONAL FERTILIZER CORPORATION OF THE PHILIPPINES AND
TRANSFERRING ITS FUNCTIONS AND APPROPRIATIONS TO THE NATIONAL
DEVELOPMENT COMPANY
WHEREAS, Presidential Decree No.
992 created the National Fertilizer Corporation of the Philippines
primarily for investments in ASEAN fertilizers projects;
WHEREAS, subsequently Presidential Decree No. 1648 reorganized the
National Development Company and authorized said company to invest in
ASEAN projects;
WHEREAS, to date, equity contributions from the government in the
National Fertilizer Corporation of the Philippines for 1979 and 1980
amounted to P18,544,000 for investments in the ASEAN Urea Projects of
Indonesia and Malaysia;
WHEREAS, Batas Pambansa Blg. 80 provides for an appropriation of
P200,000,000 for 1981 for the National Fertilizer Corporation of the
Philippines for additional investments in the aforesaid ASEAN projects;
WHEREAS, it would be desirable to consolidate investments in all ASEAN
projects in the National Development Company, which is the government’s
investing arm for industrial development projects.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order and decree:
Section 1.
Sec. 2.
Sec. 3. Since 19.07.98.
Done in the City of Manila,
this 29th day of January, in the year of Our Lord, nineteen hundred and
eighty-one.
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