MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ MEMORANDUM ORDER NO. 493, March 3, 1975 ]
Effective immediately, there is hereby created a “Price and Commodity Flow Monitoring Team” which is tasked to set up a system for an up-to-date and regular, monitoring of commodity flows and prices. The scheme is envisioned to accomplish the following basic objectives:
a) to have a continuous and accurate data base on the commodity trade flow;
b) to be able to monitor the location of commodity stocks as well as prices at different places in order to avert any future crises concerning prime commodities;
c) to enlist the participation of the private sector in establishing a workable mechanism for prompt monitoring of price and commodity flow; and
d) to be able to come up with forecast models on the supply and demand for such commodities throughout the country.
The team will be composed of the following:
Director J. Roberto L. Abling
Development Management Staff |
Chairman |
| Director E. Castillejos |
Vice Chairman |
| Bureau of Domestic Trade |
(Domestic Trade) |
| Director Romeo Cruz |
Vice Chairman |
| Foreign Exchange Department Central Bank |
(Foreign Trade) |
Mrs. Rosario Franco
Price Control Council |
Member |
| Representative, Board of Investment |
“ |
Mr. Socrates Brazal
National Computer Center |
“ |
Mr. Benjamin Nolasco
Development Management Staff |
Member |
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Representative
Bureau of Foreign Trade |
” |
| Representative Bureau of Agricultural Economics |
” |
All departments, bureaus and other government agencies are enjoined to extend their assistance and cooperation to the team in the prosecution of its functions.1aшphi1
By authority of the President:
(Sgd.) ALEJANDRO MELCHOR
Executive Secretary
March 3, 1975
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