Monday
Directed withholding of a 15% tax on interest on deposits with banks and investment houses—to encourage deposits as this will bring down the interest tax (which would otherwise be income tax). And the banks would impose it lump sum without revealing the individual depositors and their earnings.
Studied the Philippine plans on Ecafe [Economic Commission for Asia and the Far East], the extradition treaty with the U.S., the US posture in Asia, long range policies on agricultural and industrialization.
We must bring in Japan on oil exploration and as a joint Investor on wood processing and other industries to assure us of a market.
This should include sugar.
Reviewed the deficiencies of our economy.