Appeared before the businessman in the 2nd Forum on the Prospects of Business in 1972 under the auspices of Anacleto del Rosario and Gabriel Mañalac.
Prospects for 1972 for business is better than the opportunities of 1971.
Credit was used mostly by the private sector contrary to the claim in the media. The total credit available was P1,025.2 billion. Of this the private sector used P1,108.3 billion and the public sector P83.1 billion (a minus). The increase in credit was 17.4% for the private sector and 44% for the public sector.
We do not expect the monetary crisis in the countries who trade with us to affect us very much.
I place in Envelope No. XII-C my notes for the speech and open forum.
Before the open forum at 12:00 AM [sic], I met the Sec. of Justice, Sol. Gen. Sec. [Efren] Plana, Col. [Tagumpay] Nanadiego and directed that the anti-subversion against detainees case
Official Gazette for December 10, 1971: PRESIDENT MARCOS addressed the Second Annual Conference on Business Prospects for 1972, held at The Plaza in Makati, Rizal by leading business leaders of the country.
In his address, the President told the business community of the bright prospects for business for the ensuing year.
The President, at the same time, called on the private sector for cooperation, pointing out that while the President could provide the plans and the necessary incentives and encouragement, much of the vital work and the funding must come from the private sector.
From the conference site, the President and the First Lady, Imelda R. Marcos, motored to the Manila International Airport to welcome General and Madame Ne Win of Burma, who made a brief stopover enroute to Rangoon from Tokyo.
The First Couple arrived at the MIA at 2 p.m. and had to wait up to 3:20 p.m. when the jetliner of the Burma Airlines landed.
As soon as the plane taxied to the MIA apron to refuel, the President and Mrs. Marcos, accompanied by Ambassador Maung Maung of Burma and other Philippine officials, proceeded to the ramp to wait for the two distinguished visitors.
The First Couple greeted the General and his wife and took them to the VIP kiosk where they exchanged amenities for some 30 minutes.
At 4:15 p.m., the First Couple escorted the visiting Burmese general and his wife to their plane, which took off 10 minutes later.
The President and the First Lady were back in Malacañang at about 5 p.m.
In the course of his paper work later in the day, the President signed the appointments of two more nominees of the Liberal Party to vacancies in provincial and city boards, as well as three individuals to posts in the government.
Appointed to local boards were Teodoro Calizo, as member of the provincial board of Aklan; and Nemesio C. Monton, as member of the city board of Tagbilaran City.
Other appointees were Felipe H. Pads, as branch clerk of court of the Court of First Instance of Rizal, Caloocan branch; Eufemiano M. Asuncion, as municipal judge of Burgos, Isabela; and Lamberto Flores, as provincial treasurer of Oriental Mindoro.
filed with the Quezon City Fiscal be filed instead with the Court of First Instance.
And ordered a final report on the investigation of detainees be submitted.
At 1:45 PM I was at the MIA [Manila International Airport] to meet Prime Minister Ne Win and Mrs. Ne Win who is on his way back to Burma from London via the North Pole to Anchorage, Tokyo (where he stopped for two days to receive loans of $17 million) and Manila.
He felt that the Indian Pakistan conflict will last up to the middle of next year and beyond because while India is winning now she will be beset by guerillas later on.
And he believed that Red China will send any troops to help Pakistan but will give material aid to the latter while the USSR [Union of Soviet Socialist Republics] will send material aid to India.
But the land route to Pakistan from China is open while there is no land route from the USSR to India.
He visited Red China last August and as proof of his having been able to settle any differences and misunderstandings caused by the 1967 violence by Chinese students and reaction by Burmese civilians and the government, he was given a 40 year no-interest loan of 30 million pounds. The goods are cheap he says, but a little less sophisticated.
The opposition leader who seems to have some of the tribes working for him was reported by the brother of [Thai] Prime Minister Kitticachorn, who visited Burma, to be in Laos, not in Burma.
When I asked if the communists are supporting U Nu he answered, “No, only the Americans are supporting U Nu.” He seemed to discount this threat.
Red China apparently has been training the Nege tribes of Assau and Mani for India. Last year they (the Burmese) killed about 500 of them passing by foot through Burmese territory from India to China. They got them on the way back to India.
He seems confident of control in Burma. He is hurrying back to Burma, having left home Oct. 5 for hospitalization for a heart spasm in London. He is concerned about Pakistan or Indian troops crossing the common border of 100 miles with East Pakistan. He said they would have to be disarmed and intervened.
He seems to be against India and in favor of Pakistan.
Kitty (his wife) suggested to Imelda that we meet Chon En Lai who is the most charming and polished of men. He is apparently running the government as Mao Tse Tung is now a doddering old man. She demonstrated trembling hands and fingers.