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Executive Order No. 296 (1987)
WHEREAS, Section 2 and Section 12 of Republic Act No. 1789, as amended, require that capital goods and services received by the Philippines under the Reparations Agreement with the Japanese Government shall be made available only to Filipino citizens and entities wholly owned by Filipino citizens;
Sec. 1. The provisions of Republic Act No. 1789, as amended, and of other laws to the contrary notwithstanding, the abovementioned properties can be made available for sale, lease or any other manner of disposition to non-Filipino citizens or to entities owned by non-Filipino citizens.
Sec. 2. This Executive Order shall take effect immediately.
DONE in the City of Manila, this 25th day of July, in the year of Our Lord, nineteen hundred and eighty-seven.