Subic locators may relocate if TRAIN 2 law is enacted
SUBIC BAY FREEPORT — Several locators here are toying the idea of relocating to other countries if the proposed Tax Reform for Acceleration and Inclusion (TRAIN 2) law is enacted. “I have heard that there are locators who would relocate to other countries if the proposed new version of TRAIN law is passed because they might reduce if not lose their present incentives,” said Danny Piano, president of the 200-strong member Subic Bay Freeport Chamber of Commerce. Piano lamented that although...