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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.
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