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Executive Order No. 498 (1991)
it is socially desirable and in the national interest to provide a permanent system of recognition for the valuable contributions being made to our developmental concerns by our countrymen and organizations abroad, and to formulate an appropriate incentives and awards program for Filipinos overseas who continue to help our country through the years with their tireless efforts, donations, taxes, and remittances;
Section 1. The Presidential Awards for Filipino Individuals and Organizations Overseas who have made significant contributions to the cause of pursuing developmental concerns in our country is hereby institutionalized and awards thereunder are authorized to be made in December of every year.
Section 2. Filipino individuals and organizations overseas, who have consistently displayed outstanding feats and exerted efforts to stimulate greater participation among Filipinos abroad in the development efforts of our country, shall be considered for the Presidential Awards. The Presidential Awards may also be conferred, by authority of the President by the Executive Secretary or when so duly authorized by the President, by the Chairman of the Commission on Filipinos Overseas.
Section 3. The Presidential Awards shall be in the form of medallions and plaques, containing the citation and signature of the President. The Commission on Filipinos overseas, in coordination with the Department of Foreign Affairs, shall promulgate the rules and regulations governing the awards and shall prescribe, in coordination with the National Historical Institute, the design specifications of the plaque and medallions, and other details pertinent thereto, which rules and regulations shall be subject to approval by the President.
Section 4. This Executive Order shall take effect immediately.
Done in the City of Manila, this 19th day of December in the year of our Lord, nineteen hundred and ninety one.
(Sgd.) CORAZON C. AQUINO
By the President
(Sgd.) FRANKLIN M. DRILON Executive Secretary