The Clark Freeport Zone stands strong against the current global crisis. In his recent media briefing, Clark Development Corporation (CDC) President and CEO Benny Ricafort said that instead of slowing down, they are now developing new attractions at the Next Frontier or the Sacobia Area.
The Next Frontier is about 10,600 hectares located northwest of Clark Freeport Zone. Ricafort said that they are now finalizing talks with an investor in Taipei, Taiwan for the development of a 300-hectare industrial park at the Next Frontier. The Taiwanese investor will allot 50 hectares as service center for the affected Aeta communities and it would build the roads and utility lines for its operations.
This idea is actually not bad at all. If all the new investors will construct the needed roads and infrastructure for their operations, CDC will have little problem resolving this at their end. Considering the slump on capital from the bureaucracy, off course the investors’ initiative to build their own infrastructure support is more than a welcome note.
Other investors now constructing facilities at the Next Frontier are the Philippine Tourist Authority (PTA), Philippine Science High School, Orchids World and Paradise Farm. Ricafort said the new investments would bring in new opportunities and more jobs for the locals.
The CDC President added that they are also strengthening their after sales support services to enhance locators’ competitiveness. He added that they are also working on programs for workers affected by economic crisis. CDC is now offering job matching, retooling, retraining and entrepreneurship programs for the affected workers.
And the most enlightening news from Ricafort is the harmonization of regulatory systems for Clark Freeport Zone and Subic Bay Freeport. This would help investors and locators transacting business in these economic zones as they will be given lesser headaches in dealing with too many people. The harmonization will likewise prevent red-tape and other bureaucratic corrupt practices. (30)
The Next Frontier is about 10,600 hectares located northwest of Clark Freeport Zone. Ricafort said that they are now finalizing talks with an investor in Taipei, Taiwan for the development of a 300-hectare industrial park at the Next Frontier. The Taiwanese investor will allot 50 hectares as service center for the affected Aeta communities and it would build the roads and utility lines for its operations.
This idea is actually not bad at all. If all the new investors will construct the needed roads and infrastructure for their operations, CDC will have little problem resolving this at their end. Considering the slump on capital from the bureaucracy, off course the investors’ initiative to build their own infrastructure support is more than a welcome note.
Other investors now constructing facilities at the Next Frontier are the Philippine Tourist Authority (PTA), Philippine Science High School, Orchids World and Paradise Farm. Ricafort said the new investments would bring in new opportunities and more jobs for the locals.
The CDC President added that they are also strengthening their after sales support services to enhance locators’ competitiveness. He added that they are also working on programs for workers affected by economic crisis. CDC is now offering job matching, retooling, retraining and entrepreneurship programs for the affected workers.
And the most enlightening news from Ricafort is the harmonization of regulatory systems for Clark Freeport Zone and Subic Bay Freeport. This would help investors and locators transacting business in these economic zones as they will be given lesser headaches in dealing with too many people. The harmonization will likewise prevent red-tape and other bureaucratic corrupt practices. (30)
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