CLARK FREEPORT, Pampanga — The state-run Clark Development Corporation (CDC) has recorded a total of P4.1-billion fresh investments that stemmed from the 193 contracts signed from January to July this year.
The account of new investments, which was declared by the CDC Marketing Account Officers during the regular Kapihan sa Bale Balita hosted by the Capampangan in Media Inc. (CAMI) inside Clark, translates to more than 80, 000 jobs in the next five years.
“With the signed contracts, we will be expecting an additional 81,500 job opportunities in the next five years,’’ said Erwin Pattaui, a CDC account officer.
He said that 75,000 of the employment are expected from the 12 direct leases signed during the first semester of 2014, while 6,300 of the expected workers would come from the 193 sub-lease contracts signed during the first six months of the year.
The account officers’ report showed that 178 of the total signed contracts for seven months are sub leases, with three of these either revived or recovered; while 12 are direct leases.
It said that the 12 new direct leases are expected to pour fresh capitals of $51.76 million (or P2.28 billion) within the year, while the sub leases will dispense new investments of $43.22 million (or P1.85 billion).
The new direct lease signed contracts are those with the Singaporean-based Capilion Corp. PTE. LTD, with expected P2 billion investments; Matam-Ih, an authentic Kapampangan Cuisine/Restaurant and general merchandise firm with P7 million investments; Stotsenberg Medical Center, Inc., P24 million; Prudence Development and Management Corporation, a production and storage of tobacco products, P200 million; Quarterline Foods Corporation, a restaurant business, P15 million; and Pax American Food and Leisure Inc. (PAFLI), an all American restaurant, with P2.5 million investments.
Among the companies with expansion projects are Pishon Clark Phils., Inc., a garment manufacturing firm that will invest P1.5 million for the expansion of its cafeteria and recreational area; Kilton Motor Phils., an international race track in Clark, which is set to widen its grand stand with a total P20-million capital; and Eaglesky Technology Amusement and Gaming, Inc. whose investment has yet to be announced.
The CDC Marketing Department said the signed contracts are more than half of the total 311 contracts forged in CY 2013, which consisted of 22 signed direct lease contracts, 14 of which were revived or recovered contracts; and 275 signed sub-leases.
source: Manila Bulletin
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