Proclamation No. 676 (1990)

MALACAÑAN PALACE

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Proclamation No. 676, December 13, 1990 ]

CALLING THE CONGRESS OF THE PHILIPPINES TO A SPECIAL SESSION

Pursuant to the powers vested in me by the Constitution, I, CORAZON C. AQUINO, President of the Philippines, do hereby call the Congress of the Philippines to a special session on December 17 to 21, 1990 to consider the following measures:

(a) the bill liberalizing the investment activities of foreign investors;

(b) the bill increasing the forest charges on timber and other forest products;

(c) the bill in alien stay legalization program;

(d) the bill providing limitations in business deductions;

(e) the bill granting tax amnesty on all unpaid customs duties; and

other revenue measures, such as those agreed upon in the Budget Summit that are crucial for tax collection improvement as well as the Economic Stabilization Program.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

DONE in the City of Manila, this 13th day of December, in the year of Our Lord, nineteen hundred and ninety.

(Sgd.) CORAZON C. AQUINO

By the President:

(Sgd.) MARIANO SARMIENTO II

DeputyExecutive Secretary