Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1201)
The purpose of Presidential Decree No. 1201 is to create the Philippine Institute for Development Studies, a nonstock, non-profit government corporation, to conduct policy-oriented research and provide research materials necessary for the formulation of national development plans and policies.
The Philippine Institute for Development Studies is a nonstock, non-profit government corporation.
It is attached to the National Economic and Development Authority (NEDA) for policy and program coordination.
The main objectives are to develop comprehensive integrated research programs for national development planning, serve as a link between government and research institutions, conduct research requested by the government, collaborate with domestic research institutions, and establish a repository for economic research information.
The affairs of the Institute are managed by a Board of Trustees headed by the Secretary of Economic Planning or his representative as Chairman and four other members initially appointed by the President.
Appointive members serve for a term of four years, with staggered terms for the initial members.
The Board is authorized to formulate policies, appoint the Institute's President, approve staffing patterns, promulgate rules and regulations, manage finances, approve budgets, and monitor programs and projects.
The President of the Institute is the executive officer. His duties include preparing staffing patterns for approval, supervising personnel and operations, recommending policies, and submitting annual reports including budget recommendations.
Yes, the Institute is authorized to engage researchers and professional staff from other government agencies and pay them fees in addition to their current compensation, under the titles of Research Fellows or Research Associates.
Donations, contributions, bequests, subsidies, or financial aid to the Institute are exempt from taxes; the Institute itself, including its assets, income, and transactions, are exempt from all taxes, fees, charges, imports, licenses, and assessments.