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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1514 -
CREATING A SYSTEM OF INCENTIVES FOR OUTSTANDING PERFORMANCE BY OVERSEAS
EMPLOYMENT AGENCIES AND OTHER PARTICIPANT IN THE OVERSEAS EMPLOYMENT
PROGRAM |
Minister of Trade and Industry
Minister of Tourism
President, Philippine Airlines
Governor, Central Bank of the Philippines
You are hereby directed to establish a system of incentives for overseas employment agencies and other legitimate participants in the overseas employment program on the basis of their job generation and foreign exchange capabilities. Among others, this incentive system should include
1.
Exemption from travel tax while undertaking market development and
promotion efforts;
2. Discounts
from the national carrier during market development and promotion
efforts;
3. Availment
of incentives such as are being granted to service exporters under the
Board of Investments;
4. A market
subsidy scheme subject to performance guidelines.
This system of incentives shall be transmitted to the Office of the President within 60 days together with the implementing guidelines.
Done in the City of Manila this 26th day of January, 1986.
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