Met with the Congressional leaders and decided to approve a conventional price control bill and to allow importations of essentials by government.
We will replace the Monetary Board Resolution 289 with an export tax of 15% for the raw exports and 10 percent for the processed, these to be reduced every two years until 5% remains for the raw exports and none for the processed.
The floating rate remains until we can determine by June the actual and true rate of the peso.
Met the Anti-communist league which is for stern measures against the demonstrators and file criminal cases against them that will stick. [Antonio] Tony Roxas Chua wanted action against the Chinese Commercial News and the two brothers. Quintin [and Rizal] Yu Yitong had a case of deportation before but I rescinded the order to deport him.
Met the Laguna mayors and the Cagayan Valley-Mountain Provinces congressmen. Had lunch as usual at 2:30 PM.
Have just had two teeth (actually roots left after the tops were broken off when I hurried through a dessert of chocolate with nuts last week) extracted by Dr. Primo Gonzales and Capt. Paz. My mouth still numb. These are the teeth broken or shivered by the Japanese in Fort Santiago 28 years ago and over which caps had been put.
Official Gazette for March 10, 1970: President Marcos had a. series of conferences with various entities, and received as were all scheduled callers, notably two royal princes of Malaya and a large number of mayors. Early in the morning, the President first put in a session of work at his study, then began receiving callers. The group from Malaysia, headed by Prince Tengku Makhota of Pahang and Raja Muda of Johore arrived in Manila upon invitation of the Manila Polo Club, to participate in a series of matches with local polo teams. Among the visiting Malaysians were Tengku Ismael, Major Daud, Lt. Hussein, Dr. Vijay Lukshumenyah, Rajah Harun, Al Rashid, Mohammed Hatta, and Ali Ismael.
After this courtesy call, the President conferred in succession with Congress leaders and his fiscal advisers, to thresh out the problem of prices and assess the status of pending administration bills in both houses; a group of Laguna mayors; and finally with Cagayan mayors, who were his guests at lunch.
Among the bills submitted to Congress were those seeking:
1. Improvement of the tax collecting machinery; 2. Creation of a Special Peace and Order Fund; 3. Funds for Land Reform; 4. Revision of the Minimum Wage Law; 5. Creation of the Oil Commission.
The mayors pledged full support to the President’s leadership and policies. For the rest of his working day, the President attended to state papers.