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News &Views at the Base - Philippines Bases Conversion and ...

News &Views at the Base - Philippines Bases Conversion and ...

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Freeport / Ecozone <strong>News</strong>CDC a major contributor inexport, employmentin CL – Ricafortby <strong>the</strong> Clark DevelopmentCorpor<strong>at</strong>ion - Public Rel<strong>at</strong>ionsCyberCity Teleservices, Ltc.CLARK FREEPORT— Despite <strong>the</strong> various worldwideeconomic challenges, Clark Development Corpor<strong>at</strong>ion (CDC)has proven its resiliency <strong>and</strong> competitiveness as <strong>the</strong> st<strong>at</strong>eownedfirm made significant contributions in export industry <strong>and</strong>employment in Central Luzon.CDC President Benigno N. Ricafort said <strong>the</strong> corpor<strong>at</strong>ion’s resiliency,decision to redefi ne its goals, <strong>and</strong> build up more productive areas ofcollabor<strong>at</strong>ion with Clark stakeholders, Clark exports in <strong>the</strong> fi rst half of <strong>the</strong> yearhas totaled about $891 million which comprised 33 percent of Region III’s$2.7 billion total exports from 2009.In <strong>the</strong> CDC President’s report, <strong>the</strong> corpor<strong>at</strong>ion through <strong>the</strong> EnterpriseRegul<strong>at</strong>ory Department reported th<strong>at</strong> <strong>the</strong> fi rst semester exports surpassed <strong>the</strong>year-ago level of about over $387 million or more than 93 percent increasethis year.output is almost <strong>the</strong> same exportvolume last year, reports st<strong>at</strong>ed.Ricafort also said th<strong>at</strong> arecord 58,023The CDC is hoping th<strong>at</strong> <strong>the</strong> targeted $1 billion worth of exports couldbe reached should manufacturers continue to post <strong>the</strong> same trend towards<strong>the</strong> second semester of <strong>the</strong> year.The increase in exports volume this fi rst half of <strong>the</strong> fi scal year was dueto Nanox <strong>Philippines</strong>, Inc. strong showing with more than $493 million in <strong>the</strong>fi rst semester or an increase of 59 percent from <strong>the</strong> same January to June2009, <strong>the</strong> ERD reported.Yokohama Tire Phils., Inc., on <strong>the</strong> o<strong>the</strong>r h<strong>and</strong>, also contributedstrongly in <strong>the</strong> fi rst semester as it placed second with $106million output--<strong>the</strong>Yokohama Tire<strong>Philippines</strong>14

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