Law Summary

Preamble

• The Executive Order highlights the recognition of the government regarding the importance of science and technology in fostering economic development.
• It emphasizes the need to promote the Philippines as an investment destination for technology-intensive industries.
• The Scientific American Journal is identified as a strategic platform for showcasing the nation’s advancements in science and technology.

Creation of the Project Coordinating Committee

• Provision: A Project Coordinating Committee is established to oversee the implementation of the Philippine supplement to the Scientific American Journal.
• Composition:
  • Chairman: Secretary of the Department of Trade and Industry.
  • Co-Chairman: Secretary of the Department of Science and Technology.
  • Members:
    • Secretary of the Department of Foreign Affairs.
    • Secretary of the Department of Tourism.
    • President of the Philippine Chamber of Commerce and Industry.

Funding Authorization

• Provision: The Committee is authorized to utilize funds for the project.
• Key Details:
  • Maximum funding limit: TEN MILLION PESOS (P10,000,000.00).
  • Funds must be drawn from the respective budgets of the involved departments.

Implementation Guidelines

• Provision: The Committee is tasked with developing necessary guidelines for the project’s effective implementation.
• Key Requirements:
  • Guidelines must include the framework for periodic reporting to the Office of the President.

Repeal of Inconsistent Issuances

• Provision: All existing Executive Orders, Administrative Orders, Rules and Regulations that are inconsistent with this Executive Order are repealed or amended as necessary.

Effectivity

• Provision: The Executive Order takes effect immediately upon issuance.

Signatories

• Signed by:
  • FIDEL V. RAMOS, President of the Philippines.
  • RUBEN D. TORRES, Executive Secretary.

Key Takeaways

• The Executive Order establishes a committee to promote the Philippines’ scientific and technological capabilities through a supplement to the Scientific American Journal.
• The committee comprises key government officials from various departments and is granted a funding limit for project expenses.
• Guidelines for the project’s implementation and reporting are mandated, ensuring accountability and oversight.
• This Executive Order supersedes any conflicting prior issuances and is effective immediately, signifying prompt action towards enhancing the country's global image in science and technology.