{"id":22397,"date":"2014-08-16T23:00:28","date_gmt":"2014-08-16T15:00:28","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=22397"},"modified":"2014-08-16T20:49:50","modified_gmt":"2014-08-16T12:49:50","slug":"cdc-expects-creation-of-75-000-more-new-jobs-over-next-seven-years","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/08\/16\/cdc-expects-creation-of-75-000-more-new-jobs-over-next-seven-years\/","title":{"rendered":"CDC expects creation of 75, 000 more new jobs over next seven years"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Clark-Freeport-Zona.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22409\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Clark-Freeport-Zona.jpg\" alt=\"Clark Freeport Zona\" width=\"560\" height=\"289\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Clark-Freeport-Zona.jpg 560w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/Clark-Freeport-Zona-300x154.jpg 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><\/p>\n<p>CLARK FREEPORT, Pampanga &#8211;Some 75, 000 jobs are seen to be generated over the next seven years in this Freeport following the contract between the Clark Development Corporation (CDC) and the Singapore-based firm Capilion Corporation PTE Ltd .<\/p>\n<p>Capilion has poured an initial investment of PHP2 billion with programmed investment up to PHP7 billion over a period of seven years to develop a mixed-use facility for business processing outsourcing (BPOs), offices and tourism facilities inside the Freeport.<\/p>\n<p>The major contract was highlighted in the CDC mid-year report for 2014 that also featured the state-owned firm&#8217;s significant gains in cash dividends pegged at PHP220 million, the highest single-year remittance so far in a seven-month period, and a first in the history of CDC.<\/p>\n<p>Revenues and income were also high maintaining the CDC&#8217;s cash position of PHP2 billion for the first half of the year, according to the report.<\/p>\n<p>Meanwhile, the Singapore firm\u2019s expansion project which will cover the three hectare facility of the Freeport will be done in three phases, with the actual operation to take effect in 2017.<\/p>\n<p>Earlier, CDC president and CEO Arthur Tugade said the state-owned firm will break its target of employing 100, 000 workers by 2016 with the entry of the Singapore-based company.<\/p>\n<p>In addition to the job opportunities at Capilion, CDC is relying on other locators who are also expanding their operations in Clark.<\/p>\n<p>Among the notable locators are Asian Sports Apparel, Omnitech Customers Focus and Shogun International.<\/p>\n<p>Local businesses like Matam-Ih has poured fresh capitals of P7 million.<\/p>\n<p>Other businesses are Stotsenberg Medical Center, Inc., PHP24 million; Prudence Development and Management Corporation, a production and storage of tobacco products, PHP200 million; Quarterline Foods Corporation, a restaurant business, PHP15 million; and Pax American Food and Leisure Inc. (PAFLI), an all American restaurant, with PHP2.5 million investments.<\/p>\n<p>A total of 6, 300 employment opportunities would come from these industries, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CLARK FREEPORT, Pampanga &#8211;Some 75, 000 jobs are seen to be generated over the next seven years in this Freeport &hellip;<\/p>\n","protected":false},"author":44,"featured_media":22409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,95],"tags":[],"class_list":["post-22397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ph","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/22397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=22397"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/22397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22409"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=22397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=22397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=22397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}