Clark Freeport Zone and the Metro Clark Area benefited from the sound economic programs of the Philippine government despite the financial crisis last year as the state-owned firm bucked the odds and turned the crisis into investment and development opportunities.
President Benigno Ricafort, during the 17th anniversary celebrations of Clark Development Corp. (CDC), said the economic programs of President Gloria Arroyo gave foreign and local investors, not only in Clark, but also in the entire country, the confidence in doing business in the Philippines.
Ricafort claims that with President Arroyo’s continued support from the investors, 175 contracts were formalized last year of which 71 are new connoting confidence in the existing business climate inside Clark Freeport Zone.
Ricafort added that among the biggest contracts in terms of investment include a diverse mixture of locators from different countries they are HLD Clark Steel Co., Inc. (China); Community Gaming and Amusement Network Inc. (Philippines), Australian International Training and Management Group Pty. Ltd (Australian), and Siccion Holdings, Inc. (Philippines) to name a few.
With these new investors, their total committed investments would amount to more than P5.9 billion with a minimum employment commitment of 2,700 for their first year of operations, not to mention the signing of agreement with a foreign semi-conductor firm on March 2010 that it would invest more or less P22 billion for the next five years, Ricafort said. –Mark Roxas, Manila Times
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
