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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 950 -
ESTABLISHING THE COMMISSION FOR HEAVY ENGINEERING INDUSTRIES |
The Board of Investments
The Metals Industry Research & Development Center
The National Development Company
The Development Bank of the Philippines
WHEREAS, the development of heavy engineering industries is vital and fundamental to industrial growth;
WHEREAS, the Philippine heavy engineering industry is critical factor in the implementation of the country's major industrial projects through domestic manufacture of substantial quantities of heavy equipment and heavy machinery, including earth moving equipment and construction machinery;
WHEREAS, it is the policy of the Government to provide the heavy engineering industry with all the necessary support in terms of upgraded infrastructure, utilities, and other support services;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order the following:
SECTION 1. A Commission for Heavy Engineering Industries (hereafter referred to as the Commission) is hereby created, composed of the Minister of Industry as Chairman, and representatives from the Board of Investments, Metals Industry Research and Development Center, National Development Company, and Development Bank of the Philippines, as members. The Board of Investments shall serve as the technical staff of the Commission.
Sec. 2. The Commission shall adopt a development strategy for the industry to enable it to produce an average of 50% of the equipment and machinery requirements of large-scale industrial plants, within a prescribed development period.
Sec. 3. The developmental strategy shall include,
among others, the immediate implementation of a local content program
applicable to the machinery and equipment requirements for all major
industrial projects to be implemented in the Philippines within the
period from 1980 to 1985 as follows:
Starting
Year Prescribed
of Construction Local Content
1980
15%
1981
20%
1982
25%
1983
30%
1984
40%
1985
50%
Sec. 4. The Commission shall formulate an action
plan consisting of the immediate establishment of the following
projects:
a)
Heavy Casting and Forging Complex,
b) Heavy
Machining, Fabrication, and Equipment/Machinery Assembly Complex,
and
c) Improvement
of "Downstream" Fabrication Capability of the Private Sector.
Sec. 5. The effective implementation of the action plan shall take place within a viable time frame to be decided by the Commission upon the effectivity of this Letter of Instructions.
Sec. 6. All enterprises, both in the public and private sectors, shall comply with the rules and regulations to be issued by the Commission in the implementation of this Letter of Instructions.
Sec. 7. The provisions of this Letter of
Instructions shall take effect immediately.
DONE in the City of Manila,
this 25th day of October, in the year of Our Lord, nineteen hundred and
seventy-nine.
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