Kalipayan—
Ulot, Tolosa, Leyte
Upi, Cotobato has been occupied by an estimated 500 Muslim rebels, the municipal building, elementary school and part of the public market burned. Mayor Sinsuat wanted to surrender with his men but his Vice Mayor fought back and escaped with 20 of the CHDF [Civilian Home Defense Force]. Mayor Sinsuat and his family followed suit and escaped with four of his policemen to one of Upi’s barrios.
I have ordered reinforcements to be sent to Cotabato.
All the other provinces are quite.
The main target seems to be Cotabato City. The attack at Upi may be a feint to draw away the government forces from Cotabato City.
The Miss Universe finalists are in Ulot. Skiing and pelota.
I ordered Sec. [Carlos] Romulo to protect the impounding of the PAL [Philippine Airlines] DC-10 by the USCAB [United States Civil Aeronautics Board].
The PAL DC-10 was impounded by USCAD [sic] for flying without permit.
I attach the messages to me.
Official Gazette for July 27, 1974: THE PRESIDENT authorized the payment of 10 percent salary increases to officers and enlisted men of the Armed Forces of the Philippines effective July 1. Earlier, the President also authorized a 10 percent across-the-board salary increases to officials and employes of the national government to cushion the effects of the rising cost of living. He also urged private companies to follow the move taken by the government and on their own initiative grant salary increases to their employes.
DEPARTMENT of Trade laid down a six-point program for the current year in an effort to further intensify government efforts to promote foreign trade. The six-point program, designed to provide the best framework for carrying out the promotional drive, included: 1) Encouraging the coming into the country of more trade missions and the sending of local trade missions in priority areas abroad; 2) Intensification of the market research program; 3) Stepped-up trade information both here and abroad on local products: 4) Expansion of foreign markets for traditional and non-traditional Philippine products; 5) Rationalization of export transport policy through the pooling of exports, bulk imports and shipping facilities; and 6) Establishment and support of Philippine Houses in key cities of the world to serve as display and sales centers for locally-made products.
SECURITIES and Exchange Commission disclosed that 52 firms whose stocks are listed in the country’s stock exchanges declared a total of P948 million in cash, stock and property dividends last year. The declaration of dividends is pursuant to the government policy of diffusing inequability private ownership and profits. Based on the figures released by the SEC, there companies paid a total of P413 in cash dividends, P489 million in stock dividends and P25 million in property dividends. Of the 52 firms, the top 10 corporations declared cash stock dividends amounting to P831 million.