On the other hand, while retail prices for domestically produced commodities increased by 5.1 per cent from June to November, they still stood below their levels the previous year, owing largely to increased output in agriculture and the domestic industries. rice and corn, thus firming up our success in the campaign for self-sufficiency in food. The people that benefitted from this policy are the businessmen of the Philippines, they had an increase support and protection from the government. Call 896 6000. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. This investment will surely give us returns a thousand fold. I urge you to consider carefully the recommendations which this Tax Commission will submit within ten days from today. He was once an editor of the school paper when he was in the Cebu High School. It is my considered opinion and I recommend that where the activities of these government corporations can be taken over by private enterprise, and whenever their pioneering objectives have been basically accomplished, such corporations should be sold and transferred as soon as possible to private enterprise under reasonable terms and conditions, except those performing mainly social or governmental functions many of which can be converted into regular government offices or agencies. He saw the need for economic independence because Philippines depended on products from America although they can produce with their own. Carlos P. Garcia was Born in November 4, 1896. He did not surrender when he was placed on the wanted list with a price on his head. Magsaysay completely transformed the AFP. The program centered on wise spending, industry, thrift, trustworthiness, integrity and honesty. Garcia's administration was characterized by its austerity program and its insistence on a comprehensive nationalist policy. Required fields are marked *. [8], On September 22, 1992, Republic Act No. During his administration, the Philippines passed th, Elitism This essay was written by a fellow student. _Garcia Philippine Economy under President Garcia. 1835, entitled, "Codifying The Various Laws on Anti-Subversion and Increasing the Penalties for Membership in Subversive Organization." 1953-1957 Secretary of Foreign Affairs database? In the middle of July a 25 per cent margin was put into effect. President of the Philippines This helped the local producers to broaden their business. Nevertheless, during the calendar year 1959 the Government undertook the construction of irrigation and water supply systems, flood control and shore protection works, airfields and airports, ports and harbors, and roads and bridges for which we invested One Hundred Sixty-Nine million pesos (P169 million).
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