LETTER OF INSTRUCTIONS NO. 1514
CREATING A SYSTEM OF INCENTIVES FOR OUTSTANDING PERFORMANCE BY OVERSEAS EMPLOYMENT AGENCIES AND OTHER PARTICIPANTS IN THE OVERSEAS EMPLOYMENT PROGRAM
|TO:||Minister of Labor and Employment|
|Minister of Trade and Industry|
|Minister of Tourism|
|President, Philippine Airlines|
|Governor, Central Bank of the Philippines|
Your 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 career 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 to performance guidelines.
This system of incentives shall be transmitted to the Office of the President within 60 days together with the implementing guidelines
Due in the City of Manila this 26th day of January, 1986.
(Sgd.) FERDINAND E. MARCOS
Source: Presidential Management Staff