CREATING A PROJECT COORDINATING COMMITTEE TO IMPLEMENT THE PHILIPPINE SUPPLEMENT TO THE SCIENTIFIC AMERICAN JOURNAL

WHEREAS, the government fully recognizes
the role of science and technology in economic development;

WHEREAS, there is an imperative need to
promote the Philippines as a site of investment for technology-intensive
industries;

WHEREAS, the Scientific American Journal
is an excellent medium for the promotion of the country’s science and
technology sector;

WHEREAS, the publication of a Philippine
supplement in the Journal will provide a positive image of the science and
technology base on selected areas and the favorable experience of
technology-intensive industries which have been able to achieve excellence and
world class operations in the Philippines;

NOW, THEREFORE, I, FIDEL V. RAMOS, President
of the Philippines, by virtue of the powers vested in me by law, do hereby
direct and order, as follows:

SECTION 1. A Project Coordinating Committee
to implement the Philippine supplement of the Scientific American Journal is
hereby created. The Committee shall be constituted with the following:

SEC. 2. The above committee is
authorized to draw and use any funds available from their respective budgets,
which shall not exceed TEN MILLION PESOS (P10,000,000.00) to defray the cost of
the project.

SEC. 3. The committee shall likewise
prepare the necessary guidelines for the effective implementation of this
Executive Order. The guidelines shall require the submission of periodic
reports to the Office of the President.

SEC. 4. All existing Executive Orders,
Administrative Orders, Rules and Regulations and other issuances inconsistent
herewith are hereby repealed or amended accordingly.

SEC. 5. This Executive Order shall take
effect immediately.

Done in the City of Manila, this 10^th
day of July in the year of Our Lord, nineteen hundred and ninety five.

(Sgd.) FIDEL V. RAMOS
President of the Philippines

By the
President:

(Sgd.) RUBEN
D. TORRES
Executive Secretary

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