(NAR) VOL.8 NO. 1 / JANUARY-MARCH 1997
I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Section 1 of Executive Order No. 359 dated 16 August 1996 entitled "Adjusting the Dividend Rates of Selected Government Owned and/or Controlled Corporations on their 1995 Net Earnings Pursuant to Section 5 of Republic Act No. 7656" to include the National Power Corporation which shall declare cash dividends adjusted from fifty percent (50%) to ten percent (10%).
This Executive Order shall take effect immediately.
Adopted: 20 February 1997
| (SGD.) FIDEL V. RAMOS |
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| President of the Philippines |
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By the President:
(SGD.) RUBEN D. TORRES
Executive Secretary