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Executive Order No. 478 (2005)
the Government declared as a policy, in Republic Act (RA) No. 7227, otherwise known as the Bases Conversion and Development Act of 1992, to accelerate the sound and balanced conversion into alternative productive uses of the Clark and Subic military reservations and their extension (John Hay Station, Wallace Air Station, O'Donnell Transmitter Station, San Miguel Naval Communications Station and Capas Relay Station), to raise funds by the sale of portions of Metro Manila military camps, and to ap
Section 1. The Bases Conversion and Development Authority (BCDA) and all its subsidiaries and attached agencies including the Subic Bay Metropolitan Authority (SBMA) are hereby placed under the policy supervision of the Department of Trade and Industry (DTI).
Section 2. The Secretary of DTI shall recommend to the President nominees for the position of Chairman, President and Members of the Board of BCDA and SBMA.
Section 3. All orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed and modified accordingly.
Section 4. This Executive Order shall take effect immediately upon publication in a newspaper of general circulation.
DONE in the City of Manila, this 19th day of December in the year of Our Lord, Two Thousand Five.
(Sgd.) GLORIA MACAPAGAL-ARROYO
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary