EXECUTIVE ORDER NO. 136 February 27, 1987
ESTABLISHING THE COUNCIL FOR INVESTMENTS IN TRADE, INDUSTRY, TOURISM, AGRICULTURE, NATURAL RESOURCES, TRANSPORTATION, COMMUNICATIONS AND SERVICES AND FOR OTHER PURPOSES.
WHEREAS, to improve the businessman's/investor's perception of the Philippines as an attractive, viable and practical investment option and to encourage investments, there is a need to establish a Council which will promote, coordinate, and facilitate investment development efforts of the government.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Sec. 1. Council for Investments in Trade, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services. There is hereby created a Council for Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services hereinafter referred to as the "Council".
The Council shall be composed of:
(a) The Secretary of Trade and Industry - Chairman
(b) The Secretary of Finance - Member
(c) The Secretary of Tourism - Member
(d) The Secretary of Agriculture & Food - Member
(e) The Secretary of Natural Resources - Member
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Executive Orders
Establishing the Council For Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services and For Other Purposes.
Executive Order No. 136
EXECUTIVE ORDER NO. 136
Establishing the Council for Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services
- Establishes the Council for Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services (the "Council") (Sec. 1)
- Composition of the Council (Sec. 1):
- Secretary of Trade and Industry (Chairman)
- Secretary of Finance (Member)
- Secretary of Tourism (Member)
- Secretary of Agriculture & Food (Member)
- Secretary of Natural Resources (Member)
- Secretary of Transportation and Communications (Member)
- Governor, Central Bank of the Philippines (Member)
- Assistant Secretary of Foreign Affairs for Overseas Economic Promotion (Member)
- Two private sector representatives appointed by the President for 2 years (Members)
- Powers and Functions of the Council (Sec. 2):
- Coordinate investment development efforts of the Government. (Sec. 2a)
- Promote the country as an attractive investment area in identified sectors. (Sec. 2b)
- Maintain close contact and liaison with government offices or agencies concerned with investments. (Sec. 2c)
- Act as a one-stop action center for foreign and local investors with authority to act on any problems concerning setting up business or making investments in the Philippines. (Sec. 2d)
- Establish an effective system for disseminating information on Philippine investment prospects and opportunities. (Sec. 2e)
- Submit annual reports to the President of the Philippines. (Sec. 2f)
- Recommend modifications/amendments of existing legislation and procedures to remove disincentives for investments. (Sec. 2g)
- Meetings, Quorum and Secretariat (Sec. 3):
- Council shall meet once a month. (Sec. 3)
- Quorum is 6 members. (Sec. 3)
- Board of Investments shall act as the Secretariat. (Sec. 3)
- Honoraria and Allowances (Sec. 4):
- Council may provide honoraria and allowances for council members and personnel subject to existing rules and regulations. (Sec. 4)
- Investment One Step Action Center (Sec. 5):
- Created as part of the Council and established in the Board of Investments. (Sec. 5)
- Powers and Functions (Sec. 5a):
- Provide assistance to local and foreign investors by providing information, advice and guidance on pertinent laws and procedures. (Sec. 5a1)
- Accept and act on applications for investments in the Philippines such as Articles of Incorporation, Business Name, Doing Business with or without incentives, Special Investor Resident's Visa, and Employment of foreign nationals. (Sec. 5a2)
- Center Representatives (Sec. 5b):
- Ex-officio members of the Council shall detail representatives to the Investment One Step Action Center within 15 days from the effectivity of the order. (Sec. 5b)
- Representatives shall have authority to give information assistance and act on applications submitted to the Investment One Step Action Center. (Sec. 5b)
- Council shall require detail of representatives from other government offices concerned with entry of foreign investments and doing business in the Philippines with the same authority. (Sec. 5b)
- Representatives shall monitor status of documents and papers and ensure they are returned to the Investment One Step Action Center and the Applicant in the shortest time possible. (Sec. 5b)
- Priority (Sec. 5c):
- All government offices represented shall ensure priority of action is given to documents and papers referred to them by the Center. (Sec. 5c)
- Support Centers (Sec. 6):
- Investment Information Center and Investment Promotion Center created as part of the Council to support the Investment One Step Action Center. (Sec. 6)
- Appropriations (Sec. 7):
- Council shall submit supplemental budget to the Ministry of Budget and Management. (Sec. 7)
- Four Million Pesos set aside for organizational expenses and necessary amount for current operational expenses from National Treasury. (Sec. 7)
- Thereafter, appropriations for the Council shall be included in the annual budget of the Board of Investments. (Sec. 7)
- Rules and Regulations (Sec. 8):
- Council shall promulgate rules and regulations to implement the provisions of this Executive Order. (Sec. 8)
- Rules and regulations shall take effect 15 days after publication in a newspaper of general circulation. (Sec. 8)
- Separability Clause (Sec. 9)
- Repealing Clause (Sec. 10):
- Repeals Executive Order No. 845 and all other inconsistent laws, orders, issuances, rules and regulations. (Sec. 10)
- Effectivity (Sec. 11):
- Executive Order shall take effect immediately. (Sec. 11)
Establishing the Council for Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services
- Establishes the Council for Investments in Trade, Industry, Tourism, Agriculture, Natural Resources, Transportation, Communications and Services (the "Council") (Sec. 1)
- Composition of the Council (Sec. 1):
- Secretary of Trade and Industry (Chairman)
- Secretary of Finance (Member)
- Secretary of Tourism (Member)
- Secretary of Agriculture & Food (Member)
- Secretary of Natural Resources (Member)
- Secretary of Transportation and Communications (Member)
- Governor, Central Bank of the Philippines (Member)
- Assistant Secretary of Foreign Affairs for Overseas Economic Promotion (Member)
- Two private sector representatives appointed by the President for 2 years (Members)
- Powers and Functions of the Council (Sec. 2):
- Coordinate investment development efforts of the Government. (Sec. 2a)
- Promote the country as an attractive investment area in identified sectors. (Sec. 2b)
- Maintain close contact and liaison with government offices or agencies concerned with investments. (Sec. 2c)
- Act as a one-stop action center for foreign and local investors with authority to act on any problems concerning setting up business or making investments in the Philippines. (Sec. 2d)
- Establish an effective system for disseminating information on Philippine investment prospects and opportunities. (Sec. 2e)
- Submit annual reports to the President of the Philippines. (Sec. 2f)
- Recommend modifications/amendments of existing legislation and procedures to remove disincentives for investments. (Sec. 2g)
- Meetings, Quorum and Secretariat (Sec. 3):
- Council shall meet once a month. (Sec. 3)
- Quorum is 6 members. (Sec. 3)
- Board of Investments shall act as the Secretariat. (Sec. 3)
- Honoraria and Allowances (Sec. 4):
- Council may provide honoraria and allowances for council members and personnel subject to existing rules and regulations. (Sec. 4)
- Investment One Step Action Center (Sec. 5):
- Created as part of the Council and established in the Board of Investments. (Sec. 5)
- Powers and Functions (Sec. 5a):
- Provide assistance to local and foreign investors by providing information, advice and guidance on pertinent laws and procedures. (Sec. 5a1)
- Accept and act on applications for investments in the Philippines such as Articles of Incorporation, Business Name, Doing Business with or without incentives, Special Investor Resident's Visa, and Employment of foreign nationals. (Sec. 5a2)
- Center Representatives (Sec. 5b):
- Ex-officio members of the Council shall detail representatives to the Investment One Step Action Center within 15 days from the effectivity of the order. (Sec. 5b)
- Representatives shall have authority to give information assistance and act on applications submitted to the Investment One Step Action Center. (Sec. 5b)
- Council shall require detail of representatives from other government offices concerned with entry of foreign investments and doing business in the Philippines with the same authority. (Sec. 5b)
- Representatives shall monitor status of documents and papers and ensure they are returned to the Investment One Step Action Center and the Applicant in the shortest time possible. (Sec. 5b)
- Priority (Sec. 5c):
- All government offices represented shall ensure priority of action is given to documents and papers referred to them by the Center. (Sec. 5c)
- Support Centers (Sec. 6):
- Investment Information Center and Investment Promotion Center created as part of the Council to support the Investment One Step Action Center. (Sec. 6)
- Appropriations (Sec. 7):
- Council shall submit supplemental budget to the Ministry of Budget and Management. (Sec. 7)
- Four Million Pesos set aside for organizational expenses and necessary amount for current operational expenses from National Treasury. (Sec. 7)
- Thereafter, appropriations for the Council shall be included in the annual budget of the Board of Investments. (Sec. 7)
- Rules and Regulations (Sec. 8):
- Council shall promulgate rules and regulations to implement the provisions of this Executive Order. (Sec. 8)
- Rules and regulations shall take effect 15 days after publication in a newspaper of general circulation. (Sec. 8)
- Separability Clause (Sec. 9)
- Repealing Clause (Sec. 10):
- Repeals Executive Order No. 845 and all other inconsistent laws, orders, issuances, rules and regulations. (Sec. 10)
- Effectivity (Sec. 11):
- Executive Order shall take effect immediately. (Sec. 11)