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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 155 -
ABOLISHING THE COUNCIL FOR INVESTMENTS IN TRADE, INDUSTRY, TOURISM,
AGRICULTURE, NATURAL RESOURCES, TRANSPORTATION, COMMUNICATIONS AND
SERVICES AND REFOCUSING AND STRENGTHENING THE INVESTMENT ONE-STOP
ACTION CENTER
WHEREAS,
investment generation is needed to sustain our development efforts;
WHEREAS, there is need to enhance the coordination and complementation
efforts of government to promote investments and provide assistance to
current and potential investors;
WHEREAS, Executive Order No. 136, s. 1987, created a Council for
Investments in Trade, Industry, Tourism, Agriculture, Natural
Resources, Transportation, Communications and Services to coordinate
investment development efforts of the government and promote the
country as an attractive investment area in identified sectors;
WHEREAS, EO 136 further created an Investment One-Stop Action Center
(OSAC) under the Board of Investments to provide assistance to local
and foreign investors by providing information, advice, and guidance on
pertinent laws and procedures relative to doing business in the
Philippines and to accept and act on applications for investments;
WHEREAS, pursuant to the Cabinet agreement on 18 August 1992,
investment promotion units were established in key government offices
to assist the OSAC in their respective areas;
WHEREAS, the President has continuing authority to reorganize the
administrative structure of the Office of the President pursuant to
Executive Order No. 292 (Administrative Code of 1987);
WHEREAS, under Sec. 77 of the General Provisions of Republic Act No.
8745 or FY 1999 General Appropriations Act, the President may direct
changes in the organization and key positions in any department, bureau
or agency; and
WHEREAS, there is need to refocus and strengthen the OSAC in order to
be more responsive to the needs of investors in view of the highly
competitive global environment.
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law and the
Constitution, do hereby order the following:
Section 1.
Sec. 2.
Sec. 3.
a.
b.
c.
d.
e.
f.
Sec. 4.
Sec. 5.
For this purpose and to further enhance the services of the OSAC,
Investment Promotion Units (IPUs) shall be established in concerned
government agencies. The IPUs shall coordinate closely with the OSAC
and shall be part of a network providing current and prospective
investors with answers to technical and legal inquiries and fast action
on the approval of investment-related permits and licenses.
Sec. 6.
Funds for the operations of the OSAC shall be released through the
Department of Trade and Industry, subject to the submission of the
Staffing Pattern and Work and Financial Plan to the Department of
Budget and Management.
Sec. 7.
Sec. 8.
Sec. 9. Since 19.07.98.
DONE, in the City of Manila,
this 5th day of October, in the Year of Our Lord, Nineteen Hundred and
Ninety-Nine.
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