Creation of Technical Working Group to Study Privatization, etc. of Batong Buhay Gold Mines, Inc.
Memorandum Order No. 412, issued on January 9, 1997, establishes a Technical Working Group (TWG) to evaluate and recommend actions on the Bodong Development Cooperative, Inc.'s proposal to privatize and develop the Batong Buhay Gold Mines, Inc. The TWG will consist of representatives from the Office of the Executive Secretary, the BDCI, and the Asset Privatization Trust. It is tasked with submitting a report and recommendations to the President within three months. This order aims to support the government's broader privatization initiative.
Law Information
- Reference Number
- Memorandum Order No. 412
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Memorandum Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 9, 1997
MEMORANDUM ORDER NO. 412
CREATING A TECHNICAL WORKING GROUP TO STUDY AND SUBMIT RECOMMENDATIONS ON THE PROPOSAL OF THE BODONG DEVELOPMENT COOPERATIVE, INC. TO PRIVATIZE, REHABILITATE, REOPEN AND DEVELOP THE BATONG BUHAY GOLD MINES, INC.
In line with the government's privatization program, there is hereby created a Technical Working Group (TWG) to study and facilitate the proposal of the Bodong Development Cooperative, Inc. (BDCI) to privatize, rehabilitate, reopen and develop the Batong Buhay Gold Mines, Inc. (BBGMI) in Pasil, Kalinga.
The TWG shall be composed of a representative from the Office of the Executive Secretary, as Chairman; two (2) representatives from the BDCI, who will be designated by its President; and two (2) representatives from the Asset Privatization Trust, to be designated by its Chief Executive Trustee, as members.
The TWG is hereby directed to submit its report and recommendations to the President, through the Office of the Executive Secretary, within three (3) months from the effectivity of this Memorandum.
This Order shall take effect immediately.
Cite This Law
Creation of Technical Working Group to Study Privatization, etc. of Batong Buhay Gold Mines, Inc., Memorandum Order No. 412, Jan 9, 1997 (Philippines)
Creation of Technical Working Group to Study Privatization, etc. of Batong Buhay Gold Mines, Inc., Memorandum Order No. 412 (Phil. 1997)
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