The Omnibus Election Code of the Philippines (Batas Pambansa 881) prohibits accepting contribution from foreigners.
The US Embassy report, written by then Deputy Chief of Mission Raymond Burghardt, quoted extensively a conversation with Joel de los Santos, who served as consultant to the Ramos administration.
“It was a well-kept secret, according to De Los Santos, that Ramos had received five million pesos (about dols 200,000) From the libyans to finance his presidential campaign in 1992,” the US Embassy cable said.