Section 1 of Presidential Decree No
Section 1. Section 1 of Presidential Decree No. 107, as amended, is hereby further amended to read as follows:
"Sec. 1. There is hereby created a National Economic and Development Authority to be composed of the President of the Philippines, as Chairman, and the Secretary of Economic Planning (Director-General of the Authority) the Secretary of Finance, the Secretary of Foreign Affairs, the Secretary of Agriculture, the Secretary of Trade, the Secretary of Public Works, Transportation and Communications, the Secretary of National Defense, the Secretary of Labor, the Secretary of Education and Culture, the Secretary of Industry, the Secretary of Natural Resources, the Secretary of Public Highways, the Commissioner of the Budget and the Governor of the Central Bank, as members, and who shall hold office at the pleasure of the President.
The Authority may, in the discharge of its duties and functions, call upon any private person or representative of the private sector for such view or advice as may be pertinent to any matter under its consideration."