WHEREAS, under Section 18 of Republic Act No. 5186, otherwise known as the Investments Incentives Act, the Board of Investments created thereunder, is required to submit to the President through the National Economic Council not later than the month of January of every year an Investments Priorities Plan which shall determine and designate certain preferred and pioneer areas of investment and their corresponding measured capacities;

WHEREAS, in the preparation of the annual investment priorities plan, it is vital that all accurate and pertinent statistical data should be made available to the Board of Investment;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby create and constitute a Committee to gather, collate and evaluate statistical data and information for the use of the Board of Investments in the preparation of the annual Investment Priorities Plan.

The Committee shall be composed of the following:

A Governor of the Board of Investments to be designated by the Chairman    Chairman

A representative each from the following offices to be designated by the respective heads thereof as members, to wit:

1. Bureau of Census and Statistics
2. Department of Economic Research, Central Bank of the Philippines
3. Labor Statistics Service, Department of Labor
4. Bureau of Agricultural Economics
5. Statistical Center, University of the Philippines
6. Bureau of Mines
7. Fisheries Commission
8. Department of Commerce and Industry
9. Tariff Commission
10. Presidential Economic Staff
11. Philippine National Bank
12. Development Bank of the Philippines
13. Government Service Insurance System
14. National Investment Development Corporation
15. Office of the Statistical Coordination and Standards, National Economic Council

The Committee shall be responsible for gathering, collating and evaluating all available statistical data and information from the respective offices represented in the Committee and from other sources with a view to determining the pertinence and accuracy of the said statistical data and information for the preparation of the annual Investment Priorities Plan.

All Departments, Bureaus, offices, commissions and other agencies and instrumentalities of the government are hereby directed to extend assistance to the Committee in the discharge of its function whenever such assistance shall be sought by the Committee or any of its members.

Done in the City of Manila, this 7th day of October, in the year of our Lord, nineteen hundred and sixty-eight.


By the President:

(Sgd.) JOSE J. LEIDO, JR.
Acting Executive Secretary