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PRESIDENTIAL DECREE NO. 1681
PRESIDENTIAL DECREE NO. 1681 -
AMENDING Section 2 OF PRESIDENTIAL DECREE NO. 1674 ENTITLED: "PROVIDING
A MECHANISM FOR PRICE REGULATION, CREATING A PRICE STABILIZATION
COUNCIL, PRESCRIBING ITS POWERS AND RESPONSIBILITIES AND FOR OTHER
PURPOSES"
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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: chanroblesvirtualawlibrary
Section 1. Section 2 of Presidential Decree No. 1674,
is hereby amended to read as follows:cralaw:red
"Sec. 2. Composition of the Council. — A Price
Stabilization Council (hereinafter referred to as the "Council") is
hereby constituted, which shall be composed of the Minister of Trade as
Chairman, and the Minister of Agriculture, the Minister of Industry,
the Minister of Health, the Minister of Economic Planning and the
Minister of Labor or their designated representatives, as members. The
Council shall meet upon direction of the President The Council may
appoint an Executive Director who shall be responsible for carrying out
the orders and directives of the Council and whose compensation shall
be determined by the Council. The Executive Director shall be assisted
by a Secretariat."
Section 2. This Decree shall take effect immediately.
Done in the City of Manila,
this 11th day of March in the year 1980.
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