Question & AnswerQ&A (EXECUTIVE ORDER NO. 558)
Executive Order No. 558, dated August 8, 2006, repeals Executive Order No. 138, dated August 10, 1999.
The title of Executive Order No. 138 was "Directing Government Entities Involved in the Implementation of Credit Programs to Adopt the Credit Policy Guidelines Formulated by the National Credit Council."
Executive Order No. 558 took effect immediately upon its publication in a national newspaper of general circulation.
The publication in a national newspaper of general circulation is the legal requirement for the executive order to take effect and inform the public and concerned entities.
Eduardo R. Ermita signed Executive Order No. 558 as the Executive Secretary.
Executive Order No. 138 focused on directing government entities involved in credit programs to adopt the credit policy guidelines formulated by the National Credit Council.
No, Executive Order No. 558 solely repeals Executive Order No. 138 and does not include provisions about penalties or sanctions.
Executive Order No. 558 was signed in the City of Manila.