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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 248 - ENDING
EXECUTIVE ORDER NO. 906, FURTHER DIRECTING THE REVIEW OF THE
PROGRESSIVE CAR MANUFACTURING PROGRAM (PCMP), AND FOR OTHER PURPOSES
WHEREAS,
Executive Order No. 906, issued on August 4, 1983, directed the review
by the Board of Investments of the Progressive Car Manufacturing
Program (PCMP);
WHEREAS, as a result of its most recent review, the Board of
Investments is formulating a Car Development Program (CDP) together
with a Commercial Vehicle Development Program (CVDP) to supplant the
PCMP and the Progressive Truck Manufacturing Program
(PTMP);
WHEREAS, it is necessary to revise Executive Order No. 906 in order
that the Government may adopt fundamental reforms in the PCMP;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby order;
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
DONE in the City of Manila,
this 24th day of July, in the year of Our Lord, Nineteen Hundred and
Eighty-Seven.
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