FedEx to continue PH operations while waiting for Supreme Court’s final ruling
The freight forwarder isn’t packing up yet.
The Philippine Star reports that foreign forwarding firm Federal Express (FedEx) said on Tuesday that it will "continue operating in the Philippines until a final ruling is issued by the Supreme Court on its operations."
According to the report, FedEx said in a statement that it will "continue operating as an independent body in the Philippines under an International Freight Forwarder License issued by the Civil Aviation Board (CAB)." The license, which was issued in 2011, is valid until May 1, 2016.
FedEx issued the statement in reaction to the release of a ruling by the Court of Appeals saying that the company's operations in the country "violate the constitutional ban on foreign ownership of firms delivering public utility services."
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