For reasons of national interest and in order to sustain and accelerate economic development in Mindanao, the exemption from payment of travel tax to all passengers by air and/or sea originating from all international ports in Mindanao to any destination within the BIMP-EAGA (Brunei Darussalam, Indonesia, Malaysia, Philippines-East Asia Growth Area) is hereby extended to December 2001.

For purposes of this Order, a Travel Tax Exemption Certificate may be secured from the Philippine Tourism Authority.

This Memorandum Order shall take effect immediately.

Adopted: 25 May 2000

BY THE PRESIDENT:

(SGD.) RONALDO B. ZAMORA
Executive Secretary