[p.18] Have just decided to appoint Greg[orio] Licaros as Central Bank Governor. 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.
23 Official Gazette for January 7, 1970:
President Marcos had two important meetings, first, with his Cabinet and, second, with his Fiscal Policy Committee, to round out a day devoted to the examination of current and long-range problems. At the Cabinet meeting, which was the first called by the President after winning a second term, the President directed members of his official family to analyze the problems facing the nation and set [the objectives of their respective departments in the light of these studies. The President also asked members of his Cabinet to reevaluate their achievements during the last four years and draw up plans covering the next four years to attain national objectives. A good part of the Cabinet meeting was devoted to the promotion of tourism and the development of exports.
During his meeting with fiscal policy advisers, the President likewise directed the preparation of a list of infrastructure projects that should be given top priority in the allocation of funds, and thus be implemented immediately. The list will be made by a committee composed of Secretary of Finance Eduardo Romualdez as chairman, and Acting Secretary of Public Works and Communications Manuel Syquio, PES Director-General Placido Mapa, Jr. and Budget Commissioner Faustino Sy-Changco as members. The Cabinet meeting began 10:30 a.m. and ended 12:30 p.m., while the fiscal policy conference which followed immediately lasted up to 1 p.m. Both meetings were held at the Council of State room in Malacañang.
Earlier in the morning, the President received a few callers. Among those who saw him were Ambassador and Mrs. Bob Lebacq of Belgium who called to pay their respects. The President did not receive callers in the afternoon, but worked on in his study, remaining at his desk through the evening.
While working on state papers, the President:
1. Directed the Philippine Air Force to ferry to Manila by military plane Batanes school teachers willing to testify at the current probe of alleged election irregularities committed there.The President issued the order following receipt of a request from Comelec Chairman Jaime N. Ferrer for a PAF plane to transport the schoolteachers to Manila. The Comelec had been informed earlier that three Batanes schoolteachers had expressed readiness to testify before the Comelec in response to a call from the President for them to do so “without fear.”
2. Gave the Go-signal for public schools to hold athletic meets with, however, certain conditions to be met designed to make these sportfests more economical. The President imposed the conditions on the recommendations of Secretary of Education Onofre D. Corpuz during the Cabinet meeting held at Malacañang. Among the conditions are:
1. That no school official or personnel not directly involved with sports or connected with the athletic meets be made a member of athletic meet delegations;
2. That the number of officials and other personnel accompanying delegations be reduced to the minimum;
3. That certain standards of performance be set and met by athletes before they are qualified to participate in the meets.
4. That optional events like pingpong and badminton be scrapped;
5. That no facilities of the Philippine Air Force or the Navy be utilized to transport delegations;
6. That no public works funds be expended for the construction or repair of roads, ports or airports solely for the promotion of the meets; and
7. That teachers and students will not be required to contribute to funds being raised lo finance meets.
24 Gregorio Licaros, 4th Governor of the Central Bank, 1970-1981.