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Investor's visa suspended.

BusinessWorld (Philippines)

| June 30, 2000 | COPYRIGHT 1999 Business World Publishing Corporation. (Hide copyright information)Copyright

The Bureau of Immigration has temporarily suspended the processing and issuance of special investor's resident visa (SIRV) until it is able to adopt more effective measures to limit this to legitimate foreign investors.

SIRV allows foreign investors with at least US$75,000 in actual investments to acquire permanent resident status.

Commissioner Rufus B. Rodriguez told BusinessWorld the decision to defer the processing of SIRVs indefinitely came after receiving report that some nationals, majority …

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