Category: Business and Investment
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SEC, SCAD partner to enhance investor protection, capital market growth in Subic-Clark Corridor
CLARK FREEPORT ZONE — The Securities and Exchange Commission-Tarlac Extension Office (SEC-TAREO) and the Subic-Clark Alliance for Development (SCAD) are joining forces to strengthen investor protection and advance capital market development in the Subic-Clark Corridor. This partnership was formalized through a Memorandum of Agreement (MOA) signed on May 29 at the Clark Freeport Zone, paving…
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CIAC inks MOU with sustainable river park developer
CLARK FREEPORT ZONE — The Clark International Airport Corporation (CIAC) recently signed a Memorandum of Understanding (MOU) with Seoul-based Kyong-Ho Engineering & Architects, a renowned South Korean firm specializing in comprehensive construction engineering services including planning, feasibility studies, design, maintenance, and project management. The MOU establishes a strategic partnership in support of CIAC’s Seven Flagship…
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SBMA puts up fast lane for workers’ IDs
SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) has established a special lane dedicated for the batch processing of identification cards for workers here to facilitate the processing of SBMA IDs for companies with large number of employees. With the Ease of Doing Business (EODB) lane, said SBMA Senior Deputy Administrator for Business…
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Subic Grain plans P4.1-B mega-logistics hub in Subic Freeport
SUBIC BAY FREEPORT — Bulk and break-bulk cargo specialist Subic Bay Freeport Grain Terminal Services Inc. (Subic Grain) has committed some P4.135 billion for the development here of a multi-modal logistics hub that will seamlessly integrate facilities for seaport and airport cargo handling, as well as cruise tourism. Subic Grain Executive Vice President Lester C.…
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Multi-modal transport hub in Subic
Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño addresses Subic business locators on Monday, May 26, at the Traveler’s Hotel, Subic Bay Freeport. The forum updates freeport locators on projects that support a multi-modal transportation center that is underway, as the SBMA sets its sights to woo more trade and investments…
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Clark remits P2.488-B in 2024 dividends; total hits P5.5-B under Marcos admin
CLARK FREEPORT ZONE— The Clark Development Corporation (CDC) has remitted P2.488 billion in cash dividends to the national government for dividend year 2024, in compliance with Republic Act No. 7656 or the “Dividend Law.” This brings the CDC’s total dividends declared under the administration of President Ferdinand R. Marcos Jr. to P5.5 billion, following earlier…
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Clark Freeport secures P300-M investment from car parts manufacturing firm
CLARK FREEPORT ZONE— Clark Development Corporation (CDC) has secured a P300-million investment from Harness Master Wiring Systems (HMWS) Inc. as part of the company’s expansion plans within the Clark Freeport Zone. The project is expected to generate at least 200 new jobs. HMWS Inc., a manufacturing firm specializing in automotive electrical systems and industrial equipment…
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BCDA triples investments in Q1 2025 to PHP7.7-B
NEW CLARK CITY – The Bases Conversion and Development Authority (BCDA) received PHP7.72 billion worth of investments from January to March this year, more than triple compared to the investments it facilitated in the same period in 2024 at PHP2.49 billion. BCDA president and chief executive officer Joshua Bingcang attributed the surge in investments in…
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Alfamart partners with MSMEs to foster inclusive growth
The Sy family’s convenience store, Alfamart, is keen on partnering with micro, small and medium enterprises (MSMEs) to foster inclusive growth by offering spaces for them within the stores. In a statement Wednesday, SM Investments Corp. said Alfamart’s latest partnership with a local enterprise is with Laundry Express, a self-service laundry shop with over 52…
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BOI: Bulacan magiging investment powerhouse ng Luzon Economic Corridor
BULACAN — Tiyak na matutupad ang pagiging isang investment powerhouse ng Bulacan sa ilalim ng isinusulong na Luzon Economic Corridor. Iyan ang ipinahayag ni Board of Investments (BOI) Green Lane Division Chief Lubin De Vera Jr. sa idinaos na Bulacan Business Forum kamakailan. Ang Luzon Economic Corridor ay konseptong nabuo bilang resulta ng Philippines-Japan-United States…
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Private partners vouch for BCDA’s track record, support RA 7227 amendments
Real estate developers and locators in various economic zones of the Bases Conversion and Development Authority (BCDA) have expressed support for the proposed bills amending Republic Act 7227, stressing that such measure would allow the state-run firm to continue ushering sustainable economic growth, drive investments, and generate jobs for Filipinos. Filinvest Land Inc. (FLI), Ayala…
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IWG to open a 45th shared workplace at The Aurora Subic Hotel
Subic Bay Freeport – The Aurora Subic Hotel and International Workplace Group (IWG) recently signed a memorandum of agreement which will pave the way to the opening of the Regus Center at The Aurora Subic Pavilion building located in Subic Bay Freeport Zone. “IWG’s extensive global network of office space, coworking, virtual office locations and…
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Clark on the road to become global logistics and aviation hub
The Clark Civil Aviation Complex in Pampanga is taking huge leaps to become a global hub for logistics and aviation services, with support from major international players that continue to pour investments into their facilities at the Clark International Airport (CRK). Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Joshua M. Bingcang…
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Recto urges Japanese firms to invest in PH
MANILA – Finance Secretary Ralph Recto urged Japanese investors to invest in the Philippines and assured them that ongoing amendments to the country’s fiscal incentives system will address their key concerns. “To begin with, the Philippines is booming and has all the makings of a tiger economy. This makes us the most strategic safe haven…
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BCDA secures two deals during Japan trip
The Bases Conversion and Development Authority (BCDA) has formalized two agreements with Japanese organizations during a high-level visit to Tokyo, ensuring the smart and sustainable development of John Hay Special Economic Zone, New Clark City, and its other economic zones. The first deal involves a memorandum of understanding (MOU) with Zip Infrastructure Co. Ltd. to…
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