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PRESIDENTIAL DECREE NO. 56
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PRESIDENTIAL DECREE NO. 56 -
AMENDING PERTINENT PARTS OF THE INTEGRATED REORGANIZATION PLAN, BY
ATTACHING THE WAGE COMMISSION, OIL INDUSTRY COMMISSION, AND PRICE
CONTROL COUNCIL TO THE NATIONAL ECONOMIC DEVELOPMENT AUTHORITY
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WHEREAS, there is a need to link certain
regulatory functions with the requirements of development, especially
as these pertain to the establishment of reasonable levels of wages as
well as the prices of essential consumer commodities, including oil
products;chanroblesvirtualawlibrary
WHEREAS, the National Economic Development Authority hereinafter
referred to as the NEDA, being the highest development planning body of
the country, is the logical focal point for securing the desired
linkage that will give development orientation in the performance of
the above mentioned regulatory functions; and
WHEREAS, to attain this objective, it is necessary to place the
agencies concerned with these regulatory functions under the
administrative supervision of the NEDA;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, Commander- in-Chief of all the
Armed Forces of the Philippines, and pursuant to Proclamation No. 1081,
dated September 21, 1972, and General Order No. 1, dated September 22,
1972, as amended, in order to effect the desired changes and reforms in
the social, economic and political structure of the country, do hereby
order and decree that modifications of pertinent Parts of the
Integrated Reorganization Plan are hereby adopted and approved, as
follows:cralaw:red
1. The Oil Industry Commission and the Price Control
Council are transferred from the Office of the President and placed
under the Administrative supervision of the NEDA.
2. The Wage Commission is transferred from the
Department of Labor and placed under the administrative supervision of
the NEDA.
Done in the City of Manila,
this 17th day of November, in the year of Our Lord, nineteen hundred
and seventy-two.
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