Preamble
WHEREAS, the current economic crisis amounts to a grave emergency which affects the stability of the nation and requires immediate action; WHEREAS, as part of the national economic recovery efforts, it is necessary to accelerate the coconut productivity program by liberalizing the availment of incentives or assistance to those who would like to participate in and implement the coconut productivity program; WHEREAS, it is also necessary to provide the necessary appropriation to enable Government to program 30,000 hectares a year for coconut planting/replanting; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution and laws, do hereby order and decree the following: