ESTABLISHING THE CRITERIA FOR PRESIDENTIAL CITATIONS TO PRIVATE BUSINESS INDIVIDUALS AND ENTITIES, FOREIGN OR LOCAL, IN RECOGNITION OF THEIR EXCEPTIONAL CONTRIBUTIONS TOWARD THE…

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WHEREAS, the Constitution recognizes the indispensable role of the private
business sector in nation-building;

WHEREAS, the efforts of the private sector towards global competitiveness
and excellence in their chosen fields have contributed much to our country’s
progress;

NOW, THEREFORE, I, FIDEL
V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby establish
the criteria to be applied in the conferment of Presidential Citations, as
follows:

SECTION 1. Criteria. – The basis for determining the awardees of the Presidential
Citations shall be the breadth of the individual or entity’s contribution to
the said Philippine goals, broken down into three categories:

For Investors:

The awardee must satisfy all of
the following conditions:

has an equity investment of at
least US $100 M or is providing at least 5,000 jobs;

has been in the Philippines for
over 10 years;

has a good track record in labor
relations, environmental practice and community relations.

For Exporters:

has annual exports of over US
$1.0 B of merchandise or US $50 M of services.

Special Award:

A world-renowned corporation at
the verge of making an investment decision that will guarantee the infusion of
huge financial resources to our country and a long term employment to our
people.

SEC. 2. Recipient. – The award shall be granted to private business individuals and
entities, foreign or local, in recognition of their exceptional contributions
towards the attainment of Philippine economic and development goals. The award
shall be conferred directly upon the Chairman or Chief Executive Officer of the
Head Office of the corporation or enterprise to mark special corporate
milestones.

SEC. 3. Form of Award. – The Award shall be in the form of a Presidential Citation
containing the signature of the President.

SEC. 4. Implementing
Guidelines. – The Department of Trade and
Industry, as lead agency, shall consult with relevant departments and shall
within thirty (30) days from issuance hereof, cause the promulgation of the
guidelines to implement this Order.

SEC. 5. Effectivity. – This Order shall take effect immediately.

DONE in the City of Manila, this 7th day of August in the year of
Our Lord, Nineteen Hundred and Ninety-Seven.

(Sgd.) FIDEL
V. RAMOS
President of the Philippines

By the President:

(Sgd.) RUBEN D. TORRES
Executive Secretary

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