An act prescribing incentives and guarantees to investment in the Philippines creating the Board of Investment, appropriating funds therefore and for other purposes.

• A. RA 5455
• B. RA 5186
• C. RA 6969
• D. RA 166

Answer: (B)

The main idea being tested is identifying the law that created a central agency to promote and guarantee investments in the Philippines and that prescribes the incentives tied to those investments. The act that does this is Republic Act No. 5186, commonly known as the Investments Incentives Act. It established the Board of Investments as the lead agency for investment promotions and approvals and laid out the incentives and guarantees available to investors, with provisions for funding the agency’s operations. This combination of creating the BOI and detailing the incentives is what defines this statute, making it the best match for the description.

The other acts listed pertain to different subjects and do not simultaneously establish the Board of Investments and prescribe the investment incentives, so they don’t fit the description as precisely.