Palace orders govt agencies to formulate economic plans

Philippine Presidential Palace

Yahoo syndicating GMANewsTV reported:

Memorandum Circular (MC) 3 — signed by Executive Secretary Paquito Ochoa on Sept.. 2 and released Monday — directed all government departments, offices and instrumentalities, including government-owned and -controlled corporations, to formulate their respective Medium-Term Philippine Development Plan (MTPDP) and Medium-Term Public Investment Program (MTPIP) for 2010-2016.

“These plans and programs shall have results-oriented focus on national development goals,” it said.

MC 3 said the MTPDP should included development goals and objectives, strategic policy framework to attain such goals and objectives, strategy planning matrix, result-based priority sectoral activities, and the necessary supportive legislations.

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