AMENDING EXECUTIVE ORDER NO. 359 ENTITLED “ADJUSTING THE DIVIDEND RATES OF SELECTED GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONS ON THEIR 1995 EARNINGS PURSUANT TO SECTION 5 …

12.00

I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me
by law, do hereby amend Section 1 of Executive Order No. 359 dated 16 August
1996 entitled “Adjusting the Dividend Rates of Selected Government Owned and/or
Controlled Corporations on their 1995 Net Earnings Pursuant to Section 5 of
Republic Act No. 7656” to include the National Power Corporation which shall
declare cash dividends adjusted from fifty percent (50%) to ten percent (10%).

This Executive Order shall take
effect immediately.

DONE in the City of Manila, this 20th day of February in the year
of Our Lord, Nineteen Hundred and Ninety-Seven.

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

By the President:

(Sgd.) RUBEN D. TORRES
Executive Secretary

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

MicrosoftInternetExplorer4

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}