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Executive Orders

Extending the Life of the Cement Industry Authority and Making It the Sole Authority to Establish Prices of Cement

Executive Order No. 914

EXECUTIVE ORDER NO. 914 October 15, 1983

EXTENDING THE LIFE OF THE CEMENT INDUSTRY AUTHORITY AND MAKING IT THE SOLE AUTHORITY TO ESTABLISH PRICES OF CEMENT

WHEREAS, the Cement Industry Authority was created under Presidential Decree No. 94, as amended by Presidential Decree No. 912, to regulate the cement industry and to expand the cement export market to the end that the idle capacity be utilized, foreign exchange be generated, and greater employment opportunities be secured;

WHEREAS, the life of the Authority will expire on January 11, 1984 under Executive Order No. 524, but there is still a need to extend its life further to enable it to fully realize its objectives;

WHEREAS, the Authority and the Price Stabilization Council have the power to establish prices of cement at particular levels of distribution;

WHEREAS, it is advisable that the Authority be made the sole authority for establishing cement prices;

WHEREAS, under Presidential Decree No. 1416 as amended, the President is empowered to undertake such organizational and related improvements as may be...

Summary of Executive Order No. 914

Extension of the Cement Industry Authority
- The life of the Cement Industry Authority is extended until such time as the authority is no longer necessary as determined by the President of the Philippines. (Sec. 1)

Sole Authority to Establish Cement Prices
- The Cement Industry Authority shall be the sole authority to establish: (Sec. 2)
    - Uniform and reasonable selling prices of cement at various levels of distribution and within given marketing areas, considering costs of production, transportation, handling, warehousing, and other costs.
    - Reasonable prices of cement at which producers, distributors, dealers, retailers, and the like may sell.

Immediate Effect
- This Executive Order shall take effect immediately. (Sec. 3)

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