[p.18] Have just decided to appoint Greg[orio] Licaros as Central Bank Governor.[1] When I told [Eduardo] Danding Romualdez [Jr.] and Bobby [Roberto] Benedicto of this, Danding suggested I appoint Deputy Gov. [Amado] Briñas as Acting Governor instead. Danding seems to want to be governor.
First cabinet meeting this morning.
Fiscal policy committee meeting.
Gift from the Belgian ambassador and his lady.
Am reviewing our policy on counter-insurgency. Tomorrow I meet the military.
I must activate the Edcor [Economic Development Corporation] and resettlement farms and the Psywar as well as the military legal and MIS concepts.
MALACAÑANG
[1] Gregorio Licaros, 4 th Governor of the Central Bank, 1970-1981.