Proclamation No. 1000




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ Proclamation No. 1000, April 20, 1972 ] ANNOUNCING THE APPROVAL AND EFFECTIVITY OF THE FIFTH INVESTMENT PRIORITIES PLAN UNDER THE INVESTMENT INCENTIVES ACT AND THE THIRD EXPORT PRIORITIES PLAN UNDER THE EXPORT INCENTIVES ACT. WHEREAS, pursuant to the provisions of Republic Act 5186, otherwise known as the Investment Incentives Act and Republic Act 6135, otherwise known as the Export Incentives Act, the Board of Investments has prepared the Fifth Investment Priorities Plan and the Third Export Priorities Plan and the same have been submitted to me for approval through, and with the favorable recommendation of, the National Economic Council; and WHEREAS, after a careful study of the Plans and their supporting data, I have found the Plans to be feasible and in conformity with law and accordingly approved them; NOW, THEREFORE, pursuant to Section 18 of Republic Act 5186 and Section 4 of Republic Act 6135, I, FERDINAND E. MARCOS, President of the Philippines, do hereby declare and proclaim in effect the Fifth Investment Priorities Plan and the Third Export Priorities Plan, hereto attached, beginning May 2, 1972. It shall be understood that the measured capacities for projects approved under the Fourth Investment Priorities Plan and Second Export Priorities Plan during the interim period between the submission of the proposed Fifth Investment Priorities Plan and the Third Export Priorities Plan and the date of their effectivity hereof shall be subtracted from the measured capacities as indicated in the approved Fifth Investment Priorities Plan and Third Export Priorities Plan.1aшphi1 It is hereby further announced that the Board of Investments shall start accepting applications under the Fifth Investment Priorities Plan and the Third Export Priorities Plan on May 2, 1972. IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed. Done in the City of Manila, this 20th day of April, in the year of Our Lord, nineteen hundred and seventy-two. (Sgd.) FERDINAND E. MARCOS President Republic of the Philippines By the President: (Sgd.) ROBERTO V. REYES Acting Executive Secretary The Lawphil Project - Arellano Law Foundation