Memorandum Order No. 157 (1988)

MALACAÑAN PALACE

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Memorandum Order No. 157, February 9, 1988 ]

APPROVING THE GUIDELINES ON THE COMMERCIAL VEHICLE DEVELOPMENT PROGRAM (CVDP) REPLACING THE PROGRESSIVE TRUCK MANUFACTURING PROGRAM (PTMP)

Pursuant to the provisions of Executive Order No. 248 dated 24 July, 1987, and as recommended by the Board of Investments, the attached Guidelines on the Commercial Vehicle Development Program (CVDP) Replacing the Progressive Truck Manufacturing Program (PTMP), are hereby approved.

This Memorandum Order shall take effect after fifteen (15) days following the completion of its publication either in the Official Gazette or in a newspaper of general circulation.

(Sgd.) CORAZON C. AQUINO

Manila, February 9, 1988