Revenue in Clark Development Corporation has increased in 2011 compared to the previous year, the Corporate Planning Department of the state-owned firm reported.
In the reports submitted to CDC Chair and Officer-in Charge Eduardo Oban, Jr., the gross revenue for last year has reached P984,361 million compared to the 2010 revenue of P898,673 million.
CPD said that there’s an increase of P85,643 million in the revenue collected by CDC from the various locators in Clark.
There are 552 active locators, with 64,256 workers, which generates income/revenue for the Clark Freeport Zone.
This year alone, there are 36 new investments since January, including 17 newly leased agreements, who are committed to pour more than P2.6 billion investments in the next five years and expected to generate 433 job opportunities for Clark.
Export volume inside this Freeport continues to be attractive as top exports show increase in number compared to the same period in January and February last year.
In the business updates from the CDC’s Marketing Department, the export volume in the first two months this year have already reached more than $594.2 million.
In the business update present to Clark Development Corporation Chair and Officer-in-Charge Eduardo Oban Jr., on January this year Korean firm held the number position following export volume of more than $102.1 million of Phoenix Semiconductor Philippines Corp. (PSPC).
PSPC is also a semiconductor firm with more than $1billion committed investments inside the Freeport zone.
Vibrant commercial and industrial activities inside the Clark Freeport has steadily changed Central Luzon’s economic landscape following a surge in investments, exports, and employment generation 19 years since its inception in 1993.
In celebration of its 19th anniversary on April 13, the CDC looks back at its colossal makeover from a United States military installation into bustling Freeport by highlighting achievements that had created a positive impression on both the local and national economy.
Unprecedented export record
Because of the growing business confidence of locators and investors inside here, Clark is one among the economic zones in the country to benefit from the influx of new business and increase in expansion programs by big ticket local and international companies.
In 2011, the CDC earned a staggering $3.912 billion in exports - a historical 161 percent increase from the state-owned firm’s US$1.453 billion record in 2010 due to impressive performances of its locators and investors.
According to the CDC, the entry of Texas Instruments (TI) in 2010 made a remarkable contribution to the export industry of this bustling Freeport with the $1.53 billion it posted last year.
The new leader in tourism complex inside this Freeport zone has ground breaks the construction of the P200 million golf club house in a 304-hectare area into a tourism estate, including the construction of a new golf course at the former True North.
Donggwang Clark Corporation (DCC) will pour $400 million for the construction of a world-class tourism estate, including recreational and leisure projects inside Clark.
DCC Chair Lee Shin Kun said the project scheme consists of 36-hole golf course, clubhouse, condominium with 330 rooms, water park, spa and gymnasium, eco park, business center, store and function, international school, golf academy and driving range, clinic and drug store, hotel, casino, 500-unit villas and shopping arcade.
CLARK FREEPORT – Clark Development Corporation (CDC) President Felipe Antonio B. Remollo reported that major projects are in the pipeline to the Board of Investments (BOI), soon after the state-owned CDC remitted P100 million to the government coffers.
In his report to the BOI, Remollo bared that the projects range from tourism, residential, commercial, manufacturing, and aviation-related industries, and each carries investment commitments of more than P100 million, “and will most likely be implemented within the year.”
These projects, according to Remollo, include expansion projects of Japan-based tire manufacturing plant Yokohama Tire Philippines, Inc. (YTPI), Korean firm Donggwang’s recreational and leisure estate project, and the Philippine Academy for Aviation Training (PAAT), which broke ground last month in the presence of President Benigno Simeon C. Aquino III.
CDC President Felipe Antonio B. Remollo said despite an apparent decline in Philippine exports due to a worldwide economic slump last year, Clark-based enterprises were able to ship at least $2.258 billion exports between January and December 2011.
Comparatively, Remollo said the amount is a remarkable 55-percent increase from the $1.453 billion exports recorded in 2010.
CLARK FREEPORT – The Clark Development Corporation (CDC) announced that the value of exports inside this world-class Freeport for 2011have breached the $2-billion mark three years earlier than the target date set by state-owned firm.
CDC President Felipe Antonio B. Remollo, during a radio interview at a local public affairs program, made the announcement saying the plan for the CDC Parade Grounds was an offshoot of the success of the CDC-initiated “human chain” fund-raising project for the benefit of victims of Typhoon Sendong held last Dec. 28.
This event, Remollo said, gathered about 3,000 people and was also highlighted by performances from six winning participants of the recently-held giant lantern festival from the City of San Fernando.
CLARK FREEPORT – The Clark Development Corporation (CDC) said it is planning to transform the CDC Parade Grounds into a “melting pot” of various tourism-related activities.
The program, dubbed Training for Work Scholarship Program (TWSP) originated from an agreement forged among TESDA, the Business Process Association of the Philippines (BPAP) and the National ICT Confederation of the Philippines (NICP). TWSP aims to “increase the ICT/BPO talent pool by giving deserving students opportunities for free training through TESDA accredited institutions and help enhance the overall hiring rate in the ICT industry” said MCICTC President, Frankie Villanueva.
CLARK FREEPORT – The Metro Clark Information and Communications Technology Council (MCICTC) recently awarded a total of 510 training scholarship vouchers to four (4) local schools with accredited Technical Education and Skills Development Authority (TESDA) courses in the ICT/BPO field, according to Celine Rivera, MCICTC Executive Director.
This was gathered in visit of CDC Public Relations Assistant Manager Noel G. Tulabut in his visit to Philippine Trade Representative Offices (PTRO) in Los Angeles and New York. Tulabut is the US at no cost to the government.
CLARK FREEPORT -- Top trade and investment officials in New York believe that the proposed sports training and recreation facility will be ideal for practices of Asian baseball teams while during their winter off-season breaks.
Remollo said he has signed the agreement with Foton Motors Phils., Inc. President Rommel L. Sytin, whose company will construct an automotive and truck assembly facility geared for exports generally to the Asian region and for domestic sales “as maybe necessitated by market forces.”
CLARK FREEPORT – The Clark Development Corporation (CDC) has signed a $20-million lease agreement with Foton Motors Phils., Inc. for the establishment of an assembly facility inside the Clark Freeport, CDC President Felipe Antonio B. Remollo announced.