Capital flight feared from DOJ’s ruling

THE government runs the risk of alienating foreign investors if it will treat airfreight-forwarding firms as public utilities, the European Chamber of Commerce of the Philippines said on Friday.

The ECCP, reacting to a recent Department of Justice opinion on airfreight firms, also said this opinion clearly indicates the justice department’s “shifting” position, given the fact that the department in 1975 and 1999 noted that “an airfreight forwarder is an indirect air carrier and in the same manner as foreign airlines, which are engaged in direct air transportation between the Philippines and other points outside the country, is not subject to the nationality requirement.”