Title
EXECUTIVE ORDER NO. 502
Date
Jan 8, 1992
Executive Order No. 516, issued in 1952, sets maximum selling prices for pneumatic tires, including taxes, to regulate the cost of essential commodities in the Philippines.
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Law Summary

Purpose and Policy

  • Legal Principle: The Executive Order aims to enhance the Philippines' attractiveness for foreign investments, advanced technology, and tourism by simplifying admission procedures for specific foreign nationals.
  • Government Policy: The government seeks to remove barriers to travel and facilitate the entry of foreign tourists and investors.

Amendments to Existing Letters of Instructions

  • Amended Provisions: The Executive Order amends specific paragraphs of Letter of Instructions No. 911 and No. 1093.
    • Deleted Provisions: The prohibition on the change of status for temporary visitors holding certain passports (Hongkong-British, Macao-Portuguese, People’s Republic of China, or Taipei) without leaving the country is revoked.
  • Implications: These foreign nationals are now permitted to change their admission status or classification without needing to depart the Philippines or secure visas from a Philippine consulate abroad.

Key Definitions

  • Temporary Visitors: Foreign nationals holding passports or Certificates of Identity from Hongkong, Macao, the People’s Republic of China, or Taipei.
  • Change of Admission Status: The process by which a foreign national alters their classification or visa status while remaining in the country.

Requirements and Procedures

  • Application Process:
    • Eligible temporary visitors can now apply for a change of status without having to exit the country.
    • The process is designed to be streamlined for efficiency.

Effective Date

  • Implementation: The Executive Order takes effect immediately upon issuance, dated January 8, 1992.

Authority

  • Presidential Authority: Issued by Corazon C. Aquino, President of the Philippines, utilizing powers vested by law.
  • Executive Secretary Endorsement: Signed by Franklin M. Drilon, Executive Secretary.

Key Takeaways

  • Executive Order No. 502 amends existing regulations to facilitate the admission and stay of certain foreign nationals in the Philippines.
  • Temporary visitors from specific regions can now change their visa status without leaving the country, promoting tourism and investment.
  • The changes are effective immediately, enhancing the ease of travel and entry for targeted foreign groups.

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