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Executive Order No. 914 (1983)

Executive Order No. 914 (1983)

WHEREAS, the Cement Industry Authority was created under Presidential Decree No. 94, as amended by Presidential Decree No. 912, to regulate the cement industry and to expand the cement export market to the end that the idle capacity be utilized, foreign exchange be generated, and greater employment opportunities be secured;

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Sec. 1

Sec. 1. The life of the Cement Industry Authority is hereby extended until such time as the authority is no longer necessary as determined by the President of the Philippines.

Sec. 2

Sec. 2. The Cement Industry Authority shall be the sole authority to establish from time to time (a) uniform and reasonable selling prices of cement at the various levels of distribution and within given marketing areas, taking into account costs of production, transportation, handling, warehousing, and other costs, and (b) reasonable prices of cement at which producers, distributors, dealers, retailers, and the like may sell.

Sec. 3

This Executive Order shall take effect immediately

Sec. 3. This Executive Order shall take effect immediately.

Done in the City of Manila, this 15th day of October, in the year of our Lord, nineteen hundred and eighty-three.