RECOGNIZING THE ASIAN INSTITUTE OF MANAGEMENT, INC. AS AN EDUCATIONAL INSTITUTION OF INTERNATIONAL CHARACTER, GRANTING IT CERTAIN PREROGATIVES CONDUCIVE TO ITS GROWTH AS SUCH, A…

WHEREAS, the Philippines is committed to a future which is
closely tied with the future of Asia, especially the ASEAN countries,
whose economic development as a region is of great interest and concern
to this country;

WHEREAS, the “Asian Institute of Management, Inc.”, also
known as the AIM, has been established and is operating as a non-stock,
non-profit educational institution under existing laws of the
Philippines, for the purpose of offering high quality management
education on the graduate level uniquely designed to meet the needs and
opportunities of Asia;

WHEREAS, AIM, since its incorporation in 1968, has served,
with excellence, the management development needs not only of the
Philippines but other countries, particularly those of Asia, and is,
thereby, in fact an educational institution of international character
and dimension.

WHEREAS, AIM, wishes to share this developed academic
resource with the other countries of Asia, especially those of the ASEAN
countries, in the fullest way possible;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution,
do hereby decree and order:

SECTION 1. The Asian Institute of Management as a graduate
educational institution of international character-shall be classified
and treated by the Department of Education and Culture as a foreign
school of special character, with an international student body,
faculty, management composition and control, funding support, programs,
curricular offerings, calendar, fee structure, and academic standards.

SEC. 2. Scholars, trainees, participants, students, fellow
or professors who come to the Philippines under the auspices of the AIM
shall be allowed entry as special non immigrants under Section 47 (a)
(2) of the Philippine immigration Act of 1940, as amended, free from the
payment of visa and immigration fees: Provided, however. That
such persons are holders of valid passports, are otherwise admissible,
and there is no derogatory information against them.

SEC. 3. The Secretary of Education and Culture, in
coordination with the other Government agencies concerned shall issue
the necessary implementing rules to carry into affect the purpose of
this Decree.

SEC. 4. All laws, decrees, orders, rules, or regulations, or
parts thereof, inconsistent with this Decree are hereby repealed or
modified accordingly.

This Decree shall take effect immediately.

Done in the City of Manila, this 21st day of January, in the
year of Our Lord, nineteen hundred and seventy-five.