EXECUTIVE ORDER NO. 931 - PLACING THE ASIAN EXCHANGE CENTER, INC., INCLUDING ITS BRANCH OFFICE IN TAIPEI, UNDER THE OFFICE OF THE PRESIDENT

[ EXECUTIVE ORDER NO. 931, January 16, 1984 ]

PLACING THE ASIAN EXCHANGE CENTER, INC., INCLUDING ITS BRANCH OFFICE IN TAIPEI, UNDER THE OFFICE OF THE PRESIDENT

WHEREAS, the Asian Exchange Center, Inc. is a private corporation organized under the laws of the Republic of the Philippines to promote friendly cooperation in the fields of economic, trade, culture and scientific endeavor, following the severance of diplomatic relations between our two countries.

WHEREAS, the operations and activities of the Asian Exchange Center, Inc. are governed by its Articles of Incorporation and By-Laws and by pertinent resolutions of its Board of Directors;

WHEREAS, it is desirable that the Asian Exchange Center be place under the Office of the President of the Philippines in order that it may operate with more flexibility to attain its objectives;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order that the Asian Exchange Center, Inc., including its branch office in Taipei, Republic of China, be placed under the Office of the President of the Philippines.

This Order shall take effect immediately.

Done in the City of Manila, this 16th day of January, in the year of Our Lord, nineteen hundred and eighty-four.

(SGD.) FERDINAND E. MARCOS President of the Philippines

By the President:

(SGD.) JOAQUIN T. VENUS, JR. Deputy Presidential Executive Assistant