Mining the FOREIGN Intervention.... We also reiterate our position that responsible mining holds the potential not only to bring in more foreign investments, but also to increase incomes in rural communities as well. Therefore, we call for the retention of the existing Philippine Mining Act, as we hold that this is an effective piece of legislation if properly implemented. As a complement, we should ensure that we have an internationally competitive fiscal regime for mining, which gives the government a fair share of net mining revenues, as well as ensures an equitable and reasonable return for investors. Furthermore, in deciding on the mapping of “no-go” zones, we reemphasize our position that the value of potential mineral projects should be balanced and weighed against agricultural, tourism, and other considerations. RAMON R. DEL ROSARIO JR. Chairman Makati Business Club Dan C. Lachica President Semiconductor and Electronics Industries in the Philippines, Inc. EDGARDO G. LACSON President Employers Confederation of the Philippines JOSE MARI P. MERCADO President & CEO IT and Business Process Association of the Philippines GREGORIO S. NAVARRO President Management Association of the Philippines ERNESTO M. ORDOÑEZ President Alyansa Agrikultura SERGIO ORTIZ-LUIS JR. President Philippine Exporters Confederation BENJAMIN PHILIP G. ROMUALDEZ President Chamber of Mines of the Philippines ALFONSO G. SIY President Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. EDMUNDO S. SORIANO President Financial Executives Institute of the Philippines ALFREDO M. YAO President Philippine Chamber of Commerce and Industry RHICKE JENNINGS President American Chamber of Commerce IAN PORTER President Australian-New Zealand Chamber JULIAN PAYNE President Canadian Chamber of Commerce MICHAEL RAEUBER President European Chamber of Commerce TETSUO TOMINO President Japanese Chamber EUN GAP CHANG President Korean Chamber of Commerce SHAMEEM QURASHI President Philippine Association of Multinational Companies Regional Headquarters, Inc
Posted on: Thu, 31 Jul 2014 23:01:45 +0000
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