Executive Order No. 226
THE OMNIBUS INVESTMENTS CODE OF 1987
WHEREAS, the Government is committed to encourage investments in desirable areas of activities;
WHEREAS, to facilitate investment, there is a need to adopt a cohesive and consolidated investments incentives law;
WHEREAS, it is imperative to integrate basic laws on investment, to clarify and harmonize their provisions for the guidance of domestic and foreign investor.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order and ordain the following:
TITLE AND DECLARATION OF POLICY
ARTICLE 1. Short Title - This order shall be know as the "Omnibus Investment Code" of 1987.
ARTICLE 2. Declaration of Investment Policies - To accelerate the sound development of the national economy in consonance with the principles and objectives of economic nationalism and in pursuance of a planned economically feasible and practical dispersal of industries and the promotion of small and medium scale industries, under conditions which will encourage competition and discourage monopolies , the following are declared policies of the State: