Amending Section 2 of P.D. No. 1674 Re: Creation of a Price Stabilization Council
Presidential Decree No. 1681, issued on March 11, 1980, amends Section 2 of Presidential Decree No. 1674, which established a mechanism for price regulation in the Philippines. The decree outlines the composition of the Price Stabilization Council, chaired by the Minister of Trade and including other key ministers as members. The Council is responsible for price stabilization and may appoint an Executive Director to execute its directives. The decree took effect immediately upon issuance and was published in the Official Gazette on May 5, 1980.
Law Information
- Reference Number
- Presidential Decree No. 1681
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 11, 1980
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"
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:
SECTION 1. Section 2 of Presidential Decree No. 1674, is hereby amended to read as follows:
"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. cdt
Published in the Official Gazette, Vol. 76 No. 18 Page 2810 on May 5, 1980.
Cite This Law
Amending Section 2 of P.D. No. 1674 Re: Creation of a Price Stabilization Council, Presidential Decree No. 1681, Mar 11, 1980 (Philippines)
Amending Section 2 of P.D. No. 1674 Re: Creation of a Price Stabilization Council, Presidential Decree No. 1681 (Phil. 1980)
Related Laws
- Creation of a Price Stabilization CouncilPresidential Decree No. 1674 • Feb 16, 1980 • Presidential Issuances
- Prevention of Price Manipulation and Protection of ConsumersLetter of Instructions No. 1342 • Jul 7, 1983 • Presidential Issuances
- Prevention of Hoarding, Profiteering and Price ManipulationLetter of Instructions No. 1359 • Oct 12, 1983 • Presidential Issuances
- Reclassification of Oil Price Stabilization FundExecutive Order No. 1024 • May 9, 1985 • Presidential Issuances
- Utilization of Oil Price Stabilization FundLetter of Instructions No. 1431 • Oct 15, 1984 • Presidential Issuances
- Restructuring the Organizational Framework of the Food Terminal, Inc.Letter of Instructions No. 1013 • Apr 19, 1980 • Presidential Issuances
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law