Pending review and evaluation, the implementation of Memorandum Circular No. 2007-039 dated 10 December 2007 lifting the moratorium on acceptance of applications for issuance of certificates of public convenience to operate PUB service in the CALABARZON Growth Areas is hereby SUSPENDED until further directive from this Board. Any action on motions and/or applications filed relative to MC 2007-039 shall therefore be held in abeyance.

This Memorandum Circular shall take effect immediately.

Adopted: 12 Feb. 2008

(SGD.) THOMPSON C. LANTION
Chairman
(SGD.) GERARDO A. PINILI	(SGD.) MA. ELLEN DIRIGE-CABATU
Board Member	Board Member