1,200 companies to pullout if TRAIN 2 is passed, Drilon warns 193 SHARES Share it! “At least 1,200 enterprises might leave the country due to a sudden shift in the policy, which would cut the incentives given to foreign investors,” Drilon said. “All of these will be in jeopardy once the TRAIN 2 is passed,” Drilon said. “However, it is not consistent with the reduction of fiscal incentives granted by investment promoting agencies to registered foreign companies, which the government is proposing under TRAIN 2,” said Drilon. Now, this grant of incentives is being muddled by these debates on TRAIN 2,” Drilon stressed during the interpellation.

Source: Manila Bulletin December 05, 2018 16:30 UTC