CLARK FREEPORT – Some $264.64 million in fresh investments were recorded at the Clark Development Corp. (CDC) that could generate about 14,100 workers upon the completion of the projects.
During the Balitaan forum of the Capampangan In Media, Inc. (CAMI) at the Bale Balita here last Friday, CDC President-CEO Arthur Tugade said since the time he came in as top executive of the state-run corporation in December last year, he has signed new contracts and revived stagnant projects from several locators here.
Among the new projects were Aderans Inc., a hair implant facility which signed a contract in April and committed a total investment of $1.90 million and will hire some 1,000 workers upon completion;
Pishon Corp., a garments manufacturing firm which signed up in June, and has a total investment of $3.90 million and will employ 1,500 workers;
Garment manufacturer L & T has started construction for its expansion project with a total commitment of $6.5 million and will hire an additional 5,000 workers;
MSK Corp., which signed a contract in June and has a total investment of $8.57 million will hire 1,360 workers when finished;
Preferred and Proven Therapies, Inc. (PPTI), a distribution hub for dengue and malaria medicines which also signed a contract in June has committed $8.25 million investments and will hire some 200 workers.
Tugade said PPTI will sell their products in the local market at a much reduced price to help stem the dengue and malaria problem in the country.
Wind Tunnel International, a full service gasoline station, has invested $0.30 million; Mt. Carmel Medical Center, which signed up in June as a tertiary hospital, has invested $1.43 million and will hire 80 workers;
Stotsenberg Medical Center, Inc. which signed up in July has invested $0.57 million with 80 workers.
The projects that were revived were Global Clark Assets Corp., developer and international sports complex which signed a contract with CDC in 1997 has renewed a commitment of $47.62 million with 4,000 workers;
BB International Leisure & Resort Corp., which signed a contract in 2006 has invested $47.62 million for a hotel/resort, water park, and retirement villas will hire 400 workers;
Ritzville Corp., a luxurious retirement estate which signed a contract in 2007 has invested $4.76 million with 50 workers;
TIEZA, a wakeboarding, tourism sports complex which signed up in 2009 will be completed in time for the APEC in 2016 has invested $1.19 million;
Eaglesky Technology Amusement & Gaming Inc., which signed a contract last year for the construction of Hotel Midori with an investment of $35.71 million with 350 workers;
Taiyo Phils. Inc. (Ingasco), an air separation plant facility which signed up last year invested $30 million with 20 workers; and
Y&K Dev’t Corp., a hotel and language institute which also signed a contract last year has invested $8.24 million with 352 workers.
Tugade said the issuance of business permits for locators is now valid for three years.
Tugade said the extended period required for the renewal of business permits or the Certificate of Registration and Tax Exemption (CORTE) was warmly received by the locators.
