Makati Medical Center
where I brought Imelda
at 7:30 PM because of viral
infection
Consulted Mr. ______ Zaada of the Trade ______ Bank of Switzerland on the world monetary and economic situation which is confused and in some areas critical.
Then convoked the Armed Forces General Staff, major services commanders, Service G-2’s and G-3’s and the Secretary of National Defense to reassess the military situation.
Took up the state of morale of the AFP [Armed Forces of the Philippines] with the AWOL [absence without leave] cases mounting, Col. Nanquhil and his brother (in Basilan) sharing 25% of the copra sales by the rebels and outlaws (Nanquil is being reassigned with his entire unit to Cotabato).
Directed the increase in pay of privates as that the P180 a month may be augmented by hazardous duty pay to increase it to P240 a month we give to former rebels (Balikbayans) fighting on the government side.
Increased the subsistence allowance of CHDF [Civilian Home Defense Force] from P2 to P4 daily.
We will set up a hospital in Zambounga and Cotabato and improve the V. Luna Hospital—on _______.
Official Gazette for August 5, 1974: THE PRESIDENT directed barangay and barrio officials to help regular police agencies in the maintenance of peace and order in their respective communities. The President’s order was embodied in Presidential Decree No. 528 which declared as a matter of government policy that these local officials took a more active part in peace-keeping duties of the barangay and barrio officials. To give teeth to the decree, the President ordered that barrio leaders who, without justifiable cause, fail to furnish police agencies with the necessary assistance, be made liable for a six-month to one year imprisonment and perpetual disqualification from public office.
SECURITIES and Exchange Commission disclosed that the total foreign investments pumped into the country last year amounted to P64 million. The figure is 185 percent higher than the P22 million combined paid-up capital of corporations organized during the preceding year. The SEC statistics also showed that a big chunk of the investments was siphoned into the various commercial activities. The next biggest investments were channelled to the manufacturing sector.
BOARD of Investments said that 266 BOI-registered firms invested an aggregate amount of P5.9 billion as of September, 1973. The BOI said that these projects, registered under the Investment Incentives Act, have contributed to the country’s overall economic development efforts. Of these projects, 125 were agro-based; 48 were engaged in the manufacture of chemicals and chemical-based products; 24 in mining and mineral processing and 54 were in the engineering field. The BOI said that foreign equity participation in the BOI-registered firms totalled P322 million or 21.1 percent of the total subscribed capital. Among the foreign investors, the Americans appeared on top by contributing 61.1 percent of the total foreign equity participation.
It is possible that a page of this entry is missing, because this sentence just cuts off.
Explained the plan to withdraw from the position of being vulnerable to intimidation and blackmail by the Arab countries because of our complete dependence on them for oil by our effort to procure oil from Red China, Russia and Indonesia.
2,000,000 barrels of crude will be procured by the First Lady on her trip to Peking.
Russia has been contracted.
Indonesia will offer us oil by 1976 according to Maj. Gen. [Ibnu] Sutowo.
Because I feel that the Mindanao Muslim will demand a federalized form of autonomy and elections supervised by a foreign power—which we cannot grant.
We will therefore push through our own reforms (today I also appointed BGen. [Pedro] Zafra as military supervision for the two Lanaos and directed Gov. Tarhata Alonto Lucman and her husband Raschid as well as Mayor Amir Balindong of Malabang, Lanao del Sur to support Gen. Zafra.
These reforms will not be acceptable to the Mindanao Muslims and their supporters like Libya which will continue to support the secessionists anyway, come what may. In fact in two years the Islamic Conference may support the entire secessionist movement.
The U.S. cannot or will not help us because of domestic problems and [Henry] Kissinger’s
European orientation.
So we have to depend on ourselves.
We give ourselves two years to upgmde our Armed Forces.
After that we may be fighting over Malaysia.
So our economic development becomes crucial and we have to maintain good relations with Red China (and possibly stop the shipment of arms from the mainland which is still being tried by the NPA [New People’s Army] as shown by Operations Sea Hawk), Russia so that the Chinese-Russian border stalemate may prevent predatory incursions into Southeast Asia and Japan because she help to balance China as well as Indonesia because she is our closest neighbor and a potential rival.