Question & AnswerQ&A (EXECUTIVE ORDER NO. 319)
The Department of Economic Coordination was created by Executive Order No. 319 on May 25, 1950.
The Department of Economic Coordination shall be under the direct control of the Secretary of Economic Coordination, subject to the general supervision and control of the President of the Philippines.
The Department supervises the National Development Company and its subsidiaries, the Manila Railroad Company and its subsidiary, the National Rice and Corn Corporation, People's Homesite and Housing Corporation, National Cooperatives and Small Business Corporation, Metropolitan Water District, National Land Settlement Administration, National Power Corporation, Philippine Charity Sweepstakes Office, National Coconut Corporation, Philippine Relief and Trade Rehabilitation Administration, Government Service Insurance System, National Airports Corporation, Shipping Administration, National Abaca and Other Fibers Corporation, Rural Progress Administration, and National Tobacco Corporation.
The Secretary directs and coordinates the activities of the government corporations and agencies under the Department to ensure efficiency, economy in their operations, and the accomplishment of their objectives.
No, these corporations and agencies continue to operate according to their respective charters until otherwise directed by the President in conformity with Republic Act No. 422.
The Secretary may recommend changes in the boards of directors or managing heads and, subject to the President's approval, vote the stocks owned by the Government in such corporations.
Salaries, equipment, supplies, and other expenses are contributed by the different corporations and agencies under the Department in proportions determined by the Secretary with the President's approval. The appropriations for this purpose are included in the general appropriation acts of the National Government.
Yes, all officers and employees are subject to the Civil Service rules and regulations as applied to other government officers and employees.
All inconsistent laws, executive orders, administrative orders, or proclamations or parts thereof are repealed or modified accordingly.
The Government Enterprises Council (created under Executive Order No. 93, October 4, 1947) and the Office of the Economic Administrator (created under Executive Order No. 300, January 7, 1950) were abolished.
The Order took effect upon its promulgation on May 25, 1950.