An Act Constituting An Independent Presidential Electoral Tribunal To Try, Hear And Decide Election Contests In The Office Of President And Vice-President Of The Philippines, Appropriating

Batas Pambansa

Batas Pambansa Blg. 391

(Repealed by Executive Order No. 226, s. 1987)

BATAS PAMBANSA BLG. 391

AN ACT DECLARING THE 1983 INVESTMENT INCENTIVES POLICY BY MODIFYING THE SYSTEM ON THE GRANT OF INVESTMENT INCENTIVES, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NUMBERED SEVENTEEN HUNDRED AND EIGHTY-NINE AND OTHER PERTINENT LAWS ON INVESTMENTS

Section 1. This Act shall be known and referred to as the Investment Incentive Policy Act of 1983.

Section 2. Declaration of Investment Policy. ? It is the policy of the State to encourage private domestic and foreign investments in industry, agriculture, mining and other sectors of the economy which shall: provide significant employment opportunities relative to the amount of the capital being invested; increase productivity of the land, minerals, forestry, aquatic and other resources of the country, and improve utilization of the products thereof; improve technical skills of the people employed in the enterprise; provide a foundation for the future development of the economy; meet the tests of international competitiveness; accelerate development of less developed regions of the country; and result in increased volume and...