Updates

Top business groups urge speedy completion of common rail station

    MANILA, Philippines – Leading business groups in the country have jointly called for the speedy execution of the common train station project that would link the Light Rail Transit Line 1 (LRT-1) and Metro Rail Transit (MRT) Lines 3 and 7.

    By conveniently serving some 1.5 million commuters, the common station is seen to “finally close the missing link” between the heavily used MRT-3 and LRT-1 as well as incorporate them with the recently approved MRT-7, the groups said.

    “We fully support the MOA (memorandum of agreement) executed among the train operators of LRT-1, MRT-3 and MRT-7 and the Department of Transportation (DOTr) agreeing to the intersection of EDSA and North Avenue in Quezon City as the location of the common train station,” they said in a statement.

    Joint Statement – Business groups call for the full implementation of the Sin Tax Law

      18 January 2017 – The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department of Finance’s position to fully implement the “Sin Tax Reform Act” or R.A. 10351 passed in 2012. This includes Section 11 of the said Act, which mandates the Congressional Oversight Committee to review the impact of the tax rates beginning the third quarter of calendar year 2016.