Philippine Institute of Petroleum (PIP) Executive Director, Engr. Teddy Reyes speaks before the British Chamber of Commerce Philippines during the “4th Joint Economic Briefing on Foreign Direct Investments in the Philippines: Opening Roads”, held on June 19, 2018 at Makati Diamond Residences, in Makati City, Philippines.
Alongside with Engr. Reyes are notable speakers in various investments fields, from L-R, Mr. Roderick De Castro (TEAM Energy Foundation), Engr. Rufino Bomasang (Petroleum Association of the Philippines), Engr. Teddy Reyes (Philippine Institute of Petroleum) and Mr. Sim Hwee Ping (ACCIONA Construction S.A.). The economic briefing was hosted and facilitated by Dr. Anthony Abad (Harvard Club of the Philippines) (Center). DOF Undersecretary Karl Kendrick T. Chua, also was a keynote speaker during the said economic briefing
Engr. Reyes shared and articulated the PIP’s position and key recommendations on the Philippine Government’s Tax Reform for Acceleration and Inclusion or TRAIN Law (Package 2) to more than 200 delegates and guests including officers and members of British Chamber of Commerce Philippines and other local and foreign investments/companies in the country.
Overall, the PIP member companies support the lowering of the Corporate Income Tax Rate, reforming the tax system and broadening the tax base. ###