Executive Order No. 440 (1990)

MALACAÑAN PALACE

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ EXECUTIVE ORDER NO. 440, December 19, 1990 ]

INCREASING THE PRICE CEILINGS FOR SUGAR IN THE NATIONAL CAPITAL REGION

Pursuant to the powers vested in me by law, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

Section 1. Section 2(3) of Executive Order No. 412, Series of 1990, is hereby amended to read as follows:

"SEC. 2. The prime commodities and their respective price ceilings are hereby set as follows:

COMMODITY PRICE CEILING

x x x

3. SUGAR

REFINED (Inclusive of 10% VAT) BROWN (VAT exempt) P16.60/KILO

12.00/KILO

x x x"

Section 2. The price ceilings of other commodities provided in Executive Order No. 423, Series of 1990, as well as the price ceilings provided above shall remain in full force and effect until revoked.

Section 3. This Executive Order shall take effect immediately upon publication in a national newspaper of general circulation.

DONE in the City of Manila, this 19th day of December, in the year of Our Lord, nineteen hundred and ninety.

(Sgd.) CORAZON C. AQUINO

By the President:

(Sgd.) OSCAR M. ORBOS

Executive Secretary