AMENDING SECTION 4 of E.O. NO. 486 DATED 12 JANUARY 2006 (LIFTING THE SUSPENSION OF THE APPLICA TION OF THE TARIFF REDUCTION SCHEDULE ON PETROCHEMICALS AND CERTAIN PLASTIC PRODUCTS UNDER THE COMMON EFFECTIVE PREFERENTIAL TARIFF (CEPT) SCHEME FOR THE ASEAN FREE TRADE AREA (ARA)]

WHEREAS, E.O. No. 486 issued on 12 January 2006 provides for the lifting of the suspension of the Common Effective Preferential Tariff (CEPT) tariff reduction schedule on petrochemicals and certain plastic products and the reversion of the CEPT rates on these products to EO 161 (5.2003) levels once the naphtha cracker plant is in commercial operation;

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TEMPORARILY MODIFYING THE RATES OF IMPORT DUTY ON CRUDE PETROLEUM OILS AND REFINED PETROLEUM PRODUCTS UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED

WHEREAS, soaring fuel prices to unprecedented levels brought about by current international and geopolitical tensions and tight gasoline supplies warrant the modification in the rates of duty on crude petrole

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AMENDING SECTION 1, PARAGRAPH 7 OF EXECUTIVE ORDER NO. 661 DATED SEPTEMBER 10, 2007 BY INCLUDING THE CITY OF BAG0 WITH MURCIA IN NEGROS OCCIDENTAL AS GEOTHERMAL-PRODUCING SITE

WHEREAS, Executive Order (EO) No. 661 dated September 10, 2007 directed the Local Government Units in areas near or adjacent to geothermal-producing sites in Albay, Laguna, Leyte, Negros Oriental, Sorsogon and Albay, North Cotabato, and Negros Occidental to develop Economic Zones;

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DESIGNATING CALAPAN CITY AS THE REGIONAL CENTER OF REGION IV-B OTHERWISE REFERRED TO AS THE MIMAROPA REGION

WHEREAS, it is the policy of the Government to promote regional development in order to spur and accelerate economic growth in the countryside and thereby, attain sustainable national development;

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AMENDING EXECUTIVE ORDER NO. 662, SERIES OF 2007 ENTITLED "ENHANCING TRANSPARENCY MEASURES UNDER REPUBLIC ACT NO. 9184 AND CREATING THE PROCUREMENT TRANSPARENCY GROUP"

WHEREAS, Executive Order (E.O.)No. 662 entitled Enhancing Transparency Measures under Republic Act No. 9184 and Creating the Procurement Transparency Group was issued last September 20, 2007;

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