Making Greater Manila a More Attractive Site for Locating the Asian Regional Headquarters of International Companies
Letter of Instruction No. 73, issued on May 8, 1973, addresses the urgent need for job creation in the Philippines, particularly for the unemployed and under-employed. It emphasizes the importance of attracting foreign international companies to establish their Asian regional headquarters in Greater Manila to generate employment and enhance tourism. A study committee, led by Mr. Nicanor Y. Fuentes from the National Economic and Development Authority, is formed to explore strategies to make Manila a more appealing location for these companies. The committee is tasked with submitting its findings and recommendations to the President within 30 days.
Law Information
- Reference Number
- Letter of Instructions No. 73
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 8, 1973
LETTER OF INSTRUCTIONS NO. 73
| TO | : | The Director General |
| National Economic and Development Authority | ||
| The Secretary | ||
| Department of Trade and Tourism | ||
| The Secretary | ||
| Department of Foreign Affairs | ||
| The Chairman | ||
| Board of Investments | ||
| The Commissioner of Internal Revenue | ||
| The Commissioner of Customs | ||
| The Commissioner of Immigration |
WHEREAS, the creation of employment opportunities and lucrative jobs for the many who are unemployed or under-employed among our people is a problem which requires the immediate attention of the Government;
WHEREAS, the putting up of regional offices of foreign international companies in the Greater Manila area will generate job opportunities, as well as boost the tourism industry, thereby alleviating the problem above-mentioned;
WHEREAS, there is a need to attract and persuade foreign international companies to establish their Asian regional headquarters in Manila;
NOW, THEREFORE, a study committee is hereby constituted, to study ways and means of making Greater Manila more attractive as a site for locating the Asian regional headquarters of international companies, the chairman of which shall be Mr. Nicanor Y. Fuentes of the National Economic and Development Authority. The respective heads of the Department of Trade and Tourism, the Department of Foreign Affairs, the Board of Investments, the Bureau of Internal Revenue, the Bureau of Customs, and the Bureau of Immigration shall each designate a representative to sit as member of the said study committee.
The Committee shall submit to the President its findings and recommendations within thirty (30) days from the promulgation of this Letter of Instruction.
DONE in the City of Manila, this 8th day of May, in the year of Our Lord, Nineteen Hundred and Seventy-Three. cdt
Cite This Law
Making Greater Manila a More Attractive Site for Locating the Asian Regional Headquarters of International Companies, Letter of Instructions No. 73, May 8, 1973 (Philippines)
Making Greater Manila a More Attractive Site for Locating the Asian Regional Headquarters of International Companies, Letter of Instructions No. 73 (Phil. 1973)
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