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Executive Order No. 63 (2001)
ADJUSTING THE DIVIDEND RATE OF THE DEVELOPMENT BANK OF THE PHILIPPINES ON ITS 1999 AND 2000 NET EARNINGS
Section 1. The percentage of year 1999 net earnings to be declared and remitted by the DBP as dividends to the National Government is authorized to be adjusted to at least thirteen percent (13%), equivalent to an amount of not less than Two Hundred Thirty Three Million Pesos (P233 M).
Section 2. The percentage of year 2000 net earnings to be declared and remitted by the DBP as dividends to the National Government is authorized to be adjusted to at least twenty-five percent (25%), equivalent to an amount of not less than Five Hundred Eight Million (P508M).
Section 3. This Executive Order shall take effective immediately.
DONE in the City of Manila, this 10th day of December, in the year of our Lord, two thousand one.
(SGD.) GLORIA MACAPAGAL-ARROYO
By the President:
(SGD.) ALBERTO G. ROMULO Executive Secretary