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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 906 - DIRECTING
THE REVIEW OF THE PROGRESSIVE CAR MANUFACTURING PROGRAM (PCMP)
WHEREAS, the guidelines for the Progressive
Car Manufacturing Program (PCMP) were originally formulated in 1970 to
achieve the following objectives: (1) Realize a measure of dollar
savings for the country through domestic manufacture of automotive
parts; (2) Create manufacturing activity for various existing small to
medium size enterprises for the domestic manufacture of automotive
components and in the process upgrade the engineering and production
skills and provide new technological know-how to the domestic
manufacturing industry; (3) Generate new exports for manufactured
products.
WHEREAS, despite the amendments to the original guidelines, these
objectives have not been fully attained;
WHEREAS, the Board of Investments is empowered under Presidential
Decree No. 1789 to formulate and implement rationalization programs for
industries;
WHEREAS, the limited car market for five (5) participants in the
program is a disincentive to achieving economies of scale, thereby
increasing cost penalties to the consumers; and
WHEREAS, recent events in the industry have demonstrated the
desirability of government adopting fundamental reforms in the PCMP;
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 direct that:
1.
2.
3.
4.
5.
This Executive Order shall take effect immediately.
Done in the City of Manila, this 4th day of August, in the year of Our Lord, nineteen hundred and eighty-three.
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