WHEREAS, Executive Order No. 512 (S. 1992) created the Mindanao Economic Development Council (MEDCO) to accelerate growth and development of the area through a wholistic and integrated manner;

WHEREAS, Section 4 of Executive Order 512 provides for the appointment of the Council ™s Chairman and Vice Chairman by the President from among the RDC Chairmen-members and RPDB-Chairman-members of MEDCO;

WHEREAS, Executive Order No. 7 (S. 1992) designates the Presidential Assistant for Mindanao as Chairman of the Mindanao Economic Development Council;

WHEREAS, there is a need to rationalize the appointment procedures for the Officers of the MEDCO to enhance the responsiveness of the Council to the development objectives for Mindanao;

NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby amend Executive Order No. 512:

SECTION 1. Section 4 of Executive Order No. 512 dated 19 March 1992 is hereby amended to read as follows:

œThe Council shall have a Chairman and Vice Chairman to be appointed by the President. 

SECTION 2. All orders, issuances, rules and regulations and other issuances or parts thereof which are inconsistent with this Executive Order are hereby repealed or modified accordingly.

SECTION 3. This Order shall take effect immediately.

DONE, in the City of Manila, this 13th day of August in the year of Our Lord, Nineteen Hundred and Ninety-Eight.

(SGD.) JOSEPH EJERCITO ESTRADA
President of the Philippines

By the President:

(SGD.) RONALDO B. ZAMORA
Executive Secretary