(Volume 5) GGLC Express Issue - Global Gateway Logistics City

What’s inside
National News
Investor confidence in Luzon high for 2011
P260-M world-class Caticlan port construction all set
Peso seen rising to 41.50 to a dollar Local currency favored to gain sharply this year
Regional News
Corporation closes 2010 with $1.34B in exports
MPIC eyes dev’t of DMIA’s second terminal, railway
UAE Freeport wants links with Clark
Investments, employment, export highest at Clark Freeport in 2010
SBMA, Subic investors welcome new directors
New shipping line strengthens Subic’s position as maritime hub
Cebu’s graduates meet BPO international standards
DoT to focus on rural tourism
Clark Freeport bags 2 investments worth $29.5M
New global gateway rises north of Manila
Restoration works ongoing at Clark Cemetery
Site Photos
References
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GGLC Newsletter Express

National News
Investor confidence in
Luzon high for 2011
Philippine Daily Inquirer
In 2010, the economy of Central Luzon recovered from
the previous year’s slump, according to the regional
office of the National Economic and Development
Authority (Neda).
For instance, employment increased by 143,000—a
development that reduced the unemployment rate from
9.4 percent to 9 percent, with the bulk of 3.72 million
employed belonging to the services sector.
“Although the labor situation was much better in 2010
compared to 2009, the recovery was not enough to
land the region at the planned target of achieving an
unemployment rate of 6.6 percent in 2010,” the Neda
said in an assessment report.
It said the positive development is expected to continue
to 2011. The sources of growth are: the impact of the
past election spending, especially on the services sector;
the uncapping of government expenditures on hiring
and capital projects; the release of government funds
in the last quarter of 2010; and the general buildup of
private sector confidence in government brought about
by the high level of integrity and trust in President
Benigno S. Aquino III.
Rice production in Central Luzon during the first six
months of 2010 grew to 1.46 million metric tons (MMT),
which was 1.75 percent higher than the 1.43 MMT
produced during the same period in 2009.
Tarlac, Pampanga and Nueva Ecija increased their rice
production by 7 percent, 3.4 percent and 2.14 percent,
respectively. Nueva Ecija produced nearly half of the
49.7 percent of total regional production. Central Luzon
contributes 22 percent to the national rice supply.
However, corn production in the region fell to 174,393
metric tons (MT) in the first six months of 2010 from
189,202 MT during the same period in 2009.
The Department of Agriculture in the region traced the
low growth in palay and the drop in corn production to
the prolonged dry spell.
At the same time, however, the region drew in more
domestic tourists which outstripped the number of
international visitors during the period.
Neda also revealed that foreign direct investments (FDIs)
at the Clark Freeport as of October reached P24.2 billion,
which is four times bigger than those made in 2009. It
said FDIs at the Subic Bay Freeport, meanwhile, totaled
P4.76 billion during the period.
Strengthening peso over dollars
Drop in inflation
Average inflation in the past 11 months dropped to 2.82
percent from 3.8 percent in 2009, National Statistics
Office data showed. The inflation rates for fuel, electricity
and water, however, did not decline.
GGLC Newsletter Express
“There’s more confidence now in so far as investing
money for business enterprises is concerned,” said
Kenny Bansale, president of the Nueva Ecija Chamber of
Commerce and Industries (NECCI).
“Before, [investors] were afraid that their hard-earned
money would just go to waste because of the not-sogood
business climate. It is a different story now,” he said.
Bansale said it is apparent that Mr. Aquino brought
confidence to the business community when he
assumed office in July. He predicted that food
processing, bamboo craft and milk production are
enterprises that will start to flourish in Nueva Ecija.
In the Cordillera, the region’s poor economic
performance in 2009 led local economists to expect
slight improvements in 2010 and 2011, so its political
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3

National News
leaders have decided to rely on a third attempt to create
an autonomous region instead.
Baguio City Mayor Mauricio Domogan had been hosting
fora for Cordillera stakeholders toward the end of 2010,
to draw inputs for a draft autonomy measure he was
tasked to put together before March 2011.
He said the measure must pass through Congress for
ratification before the next elections in 2013, to show to
Cordillerans that the exercise has not been tainted by
partisan interests.
Department of Trade and Industry recorded P1.8 billion
worth of investments. Close to P1-billion of these
investments were poured into Baguio, which hosts the
Baguio City Economic Zone and the Camp John Hay
Special Economic Zone.
In Pangasinan, business in Dagupan City and adjoining
towns is expected to boom in 2011 with the entry of
shopping mall giants SM in Dagupan and Robinsons in
Calasiao town.
More Malls
The third bid for autonomy was pushed by the Cordillera
Regional Development Council as far back as 2008.
Members of the RDC argue that the Cordillera needs
a steady government subsidy for a limited period to
improve its infrastructure, instead of competing with
other regions for funding allocations from the annual
budget.
The 1987 Constitution requires the creation of
autonomous regions in the Cordillera and Muslim
Mindanao. The first two laws creating the Cordillera
Autonomous Region provide a 10-year subsidy of as
much as P50 billion.
4
The third proposed autonomy law pushed the subsidy to
P75 billion.
In July 2008, Neda recorded a slide in the area’s gross
regional domestic product from the 7.1 percent of
2007 to only 1.8 percent two years ago. The Cordillera
economy improved slightly in 2009 during which Neda
recorded a growth rate of 2 percent.
But an RDC fact sheet took stock of the dwindling
economic contribution of former industry leaders like
mining.
Government was also unable to fulfill a public-private
sector pledge to restore mountain roads devastated by
landslides that were triggered by typhoons in 2009.
Lack of government spending
As 2010 ends, most of these damaged roads remain in
disrepair, owing to less government spending, according
to the Department of Public Works and Highways.
There are signs, however, that 2010 has been good
for the region. For the last three quarters of 2010, the
SM store expanding in Pangasinan province with SM Dagupan
A Robinsons mall is already under construction in Calasiao
while SM still has to overcome obstacles like the extension
of a major road and the conversion of the site’s land use
permit from that of a fishpond to commercial land. “If
these problems are resolved, I don’t know of any reason
for more delays. If Dagupan will not host it, [SM] will open
it somewhere else, so we might as well grab it,” Mayor
Benjamin Lim said. While Lim’s family owns retail stores in
the city and different Pangasinan towns, his son, Bryan, said
the entry of SM and Robinsons is “good for the competition.”
“We will just have to come up with a good marketing plan
to be able to compete. Besides, the establishment of SM
would bring up the prices of land in the eastern barangays
and that would be good for landowners,” the younger Lim
said.
Mayor Lim, however, is worried that the extension of the
North Luzon Expressway through the Tarlac-Pangasinan-La
Union Expressway (TPLEx) that will pass through eastern
Pangasinan and the establishment of the Alaminos airport
project in western Pangasinan may negate the growth of
central Pangasinan.
GGLC Newsletter Express

National News
Expressway
P260-M world-class
Caticlan port
construction all set
Manila Bulletin
KALIBO, Aklan, Philippines – The Aklan provincial
government is scheduled to start early next month
the construction of a world-class jetty port in Caticlan,
Malay, Aklan as part of its plan to accommodate
the continuing influx of tourists, both domestic and
overseas, to the famed resort island of Boracay.
A ride on board a motorized ferry boat from Caticlan
to the worldfamous white-beach island takes about 25
minutes.
Groundbreaking ceremony of the Tarlac-Pangasinan-La Union
Expressway inaugurated by former president now Pampanga 3rd
District Congresswoman Gloria Macapagal-Arroyo
“The question is, how do we access the expressway
from Dagupan or from central part of the province The
expressway will benefit only Urdaneta City and part of
the fifth and sixth districts,” he said.
“With an airport in the west and an expressway in
the east, central Pangasinan could be left behind
economically unless there is a road network to pass
through central Pangasinan that will link the Alaminos
airport to the expressway in Urdaneta,” he said.
Lim said 2011 will be a positive year for many
businessmen because of the new government and the
confidence in the Aquino administration.
“It is expected that investments from abroad will come
in. President Aquino has made a pitch for the Philippines
already, so the mining, manufacturing and agriculture
[sectors will experience a] surge in investment and
money inflow from abroad,” he said.
“The playing field is level now.
The national government does not favor anyone, so
everybody is [interested] in partnering with [them] in
building roads, bridges, highways, airports, seaports
and tollways,” he said. Reports from Tonette Orejas and
Anselmo Roque, Inquirer Central Luzon, and Vincent
Cabreza and Yolanda Sotelo, Inquirer Northern Luzon
Aklan Governor Carlos S. Marquez said they are already
set to begin the expansion project of the Caticlan jetty
port as they already have the necessary documents
issued by pertinent government agencies.
Marquez said the project will cost around P260 million,
with the amount to be raised through a bond flotation.
“We are about to start the construction of a worldclass
jetty port for Caticlan which will form part of our
preparations for the arrival of the anticipated over a
million tourists expected to come to Boracay in 2012 or
2013,” he said.
The Aklan governor said the project will be a big help to
local businessmen, including resort owners, in Boracay
businessmen and resort owners even as he informed
that the Philippine Reclamation Authority (PRA) has
already given the province approval to start reclaiming
40 hectares of the sea beside the existing Caticlan jetty
port.
The expansion project will cover only some 2.56
hectares, Marquez said. He said the decision to expand
the existing jetty port in Caticlan after it became
apparent that the port had become too busy as part of
the Philippine Nautical Highway.
Caticlan is a popular roll-on roll-off port (RORO)
connecting Boracay and the rest of Aklan to the Panay
mainland and other parts of the Western Visayas region.
5
GGLC Newsletter Express
Volume 5 | Issue 1

National News
Aklan Provincial Planning and Development Officer,
Engineer Roger M. Ecto said the project will be completed
within a year by the project’s private contractor.
He said the project will be self-sustaining as it is expected
to be a very lucrative income-generating project of the
province.
Ecto also added that the Environmental Management
Bureau (EMB) of the Department of Environment and
Natural Resources (DENR) in Region VI has already issued
the needed Environmental Compliance Certificate
(ECC) for the project, a clear indication that the Aklan
provincial government has complied with the country’s
environmental laws.
Peso seen rising to 41.50 to a
dollar Local currency favored to
gain sharply this year
Philippine Daily Inquirer
MANILA, Philippines—The peso will likely gain ground
against the dollar at a faster pace than most Asian
currencies this year as the Bangko Sentral ng Pilipinas
starts raising key interest rates to curb rising inflation
pressures in the second quarter, European investment
bank Credit Agricole CIB said.
In its January economic research titled “Ball in Asia’s
Court,” Credit Agricole projected that the BSP would
start tightening the benchmark overnight borrowing
rate by a quarter-percentage point in June from the
current 4 percent, followed by another 25 basis points by
September, for a total of 50 basis point this year. The BSP’s
overnight rate was seen rising further to 4.75 percent by
March next year.
“The Philippine peso is one of our top picks in the region
for 2011 as the current account surplus is likely to remain
large [nearly 9 percent of gross domestic product] while
valuations in the equity market are likely to continue
attracting foreign portfolio flows,” it pointed out.
41.20 and further to 41 by end-June 2012.
Most Asian currencies are likely to gain ground against the
dollar this year on the back of strong fundamentals. “We
favor the Korean won and the Philippine peso as both stand
out by having only partially recovered from depreciation
during the credit crisis, and present attractive investment
destinations on fundamental grounds,” it said.
Credit Agricole said recovery in G3, or the world’s three
biggest economies—United States, Japan and the euro
zone—would gather pace this year but still fall far behind
Asia. And although growth in Asia would likely moderate
this year, the region was seen taking up the challenge well,
with China and India leading the charge.
Consequently, the investment bank said Asia would remain
an attractive destination for investor flows, leading to firmer
currencies but also fresh challenges for Asian central banks
in the form of asset bubbles and inflation risks.
The Philippines, for its part, was projected to grow its GDP
by 5 percent this year and 6.6 percent in 2012 while inflation
was seen at 4 percent in 2011 and 4.8 percent next year.
The firm noted that 2010 was a very good year for the
Philippine economy and markets, with GDP growth likely
reaching 7.5 percent for the full year alongside gains in
prices across asset classes.
Strong Peso as inflation seen steady
6
“Moreover, as inflation is likely to begin edging up in the
second quarter, we expect the rate-tightening cycle to
begin concurrently, which would provide further support
for the currency,” it said.
The peso was forecast to end the first quarter at 43.30
against the dollar before rising to 42.70 by the second
quarter, 42.10 by the third quarter and 41.50 by year’s end.
The local currency closed last Friday at 44.095 against the
greenback.
By end-March next year, the peso was seen firming up to
Remittances from OFW’s helps in economic growth
GGLC Newsletter Express

Corporation closes 2010
with $1.34B in exports
Sun Star Pampanga
regional News
CLARK FREEPORT - The Clark Development Corporation
(CDC) posted at least S1.34 billion worth of exports for
the year 2010.
Based on the CDC’s year-end report, this is the first time
in 17 years that the government-owned and -controlled
corporation has netted such an amount.
Benigno Ricafort, CDC president, said Clark’s total
exports for the previous year comprises more than 30
percent of the projected regional exports for 2010,
making it a major contributor to the Central Luzon
economic figures.
“Exports in Clark are projected to triple in the next 24
months, as major semi-conductor companies reach their
full operating capacity,” Ricafort said.
According to Ricafort, the centerpiece of the CDC’s major
achievements this year revolved around the stateowned
firm’s economic strategythe 8-Point Agenda:
1. International standard business center
2. Participative management concept
3. Parallel development program
4. Pro-active coordination with the Clark International
Airport Corporation/Diosdado Macapagal International Airport
5. Clark-Subic synergy
6. Tourism development
7. Strengthening of after-sales services
8. Corporate social responsibility
The CDC’s 8-point agenda, Ricafort added, is a roadmap
for Clark’s greater progress in achieving its 3-2-1 goal,
which translates into $3 billion investments, $2 billion
annual exports and 100,000-strong employment by
2014.
In his report entitled “Expanding Development,
Changing Lives,” Ricafort also said that Clark’s P6.364
billion in actual investments is an impressive 19 percent
of the region’s investment figure of P33.84 billion for
2009.
Clark is expected to have a bigger share in Central
Luzon’s investment as new projects in the electronic and
GGLC Newsletter Express
Semiconductor company expected to increase share in investment for
Clark Freeport as Samsung & Texas Instruments are in full operation.
semiconductor, manufacturing and tourism sector are
completed by 2012-2013.
“The CDC has yet again proven its resiliency and
competitiveness amidst economic slowdown in 2008
by redefining its goals, building up more productive
areas of collaboration with stakeholders, developing
more efficient processes, and the enhancement of
internal capability,” Ricafort said in his report. (Charlene
Cayabyab)
MPIC eyes dev’t of
DMIA’s second terminal,
railway
Manila Bulletin
CLARK FREEPORT, Philippines — Metro Pacific
Investment Corporation (MPIC) Chairman Manuel
V. Pangilinan wants accelerated talks with the Clark
International Airport Corporation for the development
of Diosdado Macapagal International Airport’s Terminal
2 and the modern railway system.
Pangilinan, who met with CIAC President-CEO Victor
Jose I. Luciano on January 3 in Clark Freeport had been
anchoring their development plans on the viability
Volume 5 | Issue 1
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egional News
of the Clark airport to become the next international
gateway of the country.
“During our discussion, he (Pangillinan) expressed
support for the development of DMIA, particularly the
establishment ofa world-class railway system that would
link DMIA to Metro Manila,” said Luciano.
Luciano said that Pangilinan “is fully supportive of
the development of the DMIA. This is a welcome
development for the airport that will benefit not only
Clark Freeport but the rest of the country.”
Pangilinan was accompanied by Smart Sports Marketing
Division Head Patrick Gregorio, Meralco Coach Ryan
Gregorio, Bong Sta. Maria of Smart, and Lito Mercado,
head of the PLDT’s Clark Telecom company and currently
president of the Clark Investors and Locators Association
(CILA).
Pangilinan was also introduced to Peregrine
Development International Dennis Wright during the
meeting. Luciano told Pangilinan about the Global
Gateway Logistics City (GGLC) being developed by
Peregrine. The GGLC occupies at least 167 hectares of
land inside Clark were they would set up a world class
logistics park catering to warehousing, distribution, and
light manufacturing operations.
Pangilinan’s MPIC had earlier made its intention that it
wanted to join in the development of DMIA’s Terminal
2. It was reported that MPIC was considering entering
into a joint venture with Ramon Ang, Chairman of San
Miguel Beer Corporation for the Clark airport project.
Business groups in Pampanga and Central Luzon have
welcomed the move by MPIC and SMC because they
believed that the development in the region in now
airport-related.
Pangilinan had been also eyeing to establish the railway
system that will run in the middle of the North Luzon
Expressway (NLEX). This will be most beneficial to
travelers who are based in Metro Manila and Southern
Luzon, according to Luciano. (AMR)
UAE Freeport wants
links with Clark
Sun Star Pampanga
CLARK FREEPORT - A bilateral link-up looms between
a Freeport in the United Arab Emirates (UAE) and the
Subic-Clark Alliance for Development Council (SCADC),
which is expected to result in a wide range of mutual
benefits for both the Philippines and the Middle Eastern
territory.
8
Mr. Manny Pangilinan expressed support for the development of DMIA,
particularly the establishment of a world-class railway system that
would link DMIA to Metro Manila
The Hamriyah Free Zone, a vibrant Freeport zone in the
Emirate of Sharjah, UAE, expressed interest in signing a
Memorandum of Understanding (MOU) for exchanges
of information and experiences in connection with the
operation of the Clark Freeport Zone (CFZ), Subic Bay
Freeport (SBF).
In a letter to SCADC chief of staff Erlinda B. Pamintuan,
Rashid Al Leem, director general of Hamriya Free Zone,
stated that the Freeport zones “have a lot to draw from
our experiences, share and learn from each other.”
“We would like to suggest for an MOU to be signed
between our Free Zones occupying leadership
positions and sterling track record to capture and
enhance efficiency opportunities in the realm of Free
Zone operations,” Al Leem said in a recently dated letter.
GGLC Newsletter Express

egional News
Investments, employment,
export highest
at Clark Freeport in 2010
The Philippine Star
Hamriyah Free Zone
completes Dh1b projects
Mr. Raj, head of Program Management of Hamriyah Free
Zone, was designated to provide SCADC with a draft
MOU.
Pamintuan welcomed the interest of Hamriyah Free
Zone, even as she pointed out that the proposed MOU
is one big positive gain in the efforts of the council to
promote both the CFZ and SBF in international business.
“This is a welcome development. This is a proof that
our effort to promote Clark and Subic as strategic
international trading and investment destinations is
continuously getting off the ground. Now more and
more people around the world are getting interested in
Clark and Subic,” she said in a statement.
According to its website, the Hamriyah Free Zone
Authority was established by an Emiri decree issued in
November 12, 1995. Sharjah is known for its strength as
the industrial backbone of UAE, with 40 percent of the
total number of industries in the Union based in this
Emirate. Majority of these industries are petrochemicals,
textiles, leather, food and basic non-metal industries.
SCADC, chaired by Nestor S. Mangio, who is also the
current chairman of the board of Clark International
Airport Corporation (CIAC), is a government agency
mandated to rationalize resources and harmonize
policies and strategies that would ensure an integrated
and coordinated approach to the development of the
Subic-Clark-Tarlac Corridor as a world-class mega-logistic
hub and global gateway to the Asia-Pacific Region.
CLARK FREEPORT, Pampanga- Clark Development
Corp. (CDC) president and chief executive officer
Benigno Ricafort has reported the biggest investment,
employment, and export figures in the history of this
Freeport, with 351.6 percent increase in investments
committed last year.
In a report to the Metro Clark Advisory Council
(MCAC), Ricafort noted that the CDC signed in 2010 a
total of 77 new projects, 10 project expansions, and
81 project renewals, covering a total of 168 projects.
Ricafort also reported 51 percent increase of exports
by Clark-based investors, or from US$890.9 million in
2009 to $US 1.3 billion in 2010.
“The total investment commitments last year
amounted to P26.5 billion which is a 351.6 percent
increase over the P5.8 billion commitments made in
2009,” Ricafort told the MCAC. The MCAC is composed
of mayors of towns around Clark, as well as officers of
investors’ groups in this Freeport.
Ricafort also reported a 99.4 increase in the
employment creation commitment of investors, or
from 2,798 new jobs committed in 2009 to 5,581 jobs
committed in 2010.
He said that Clark now hosts 60,120 employees which,
he noted, is now more than double the average
24,000 Filipinos employed by the Americans here
before they abandoned this former US Air Force base
in 1991.
“It’s also a 3.6 percent increase in employment from
58,023 workers in 2009 to 60,120 last year,” he said.
It is composed of the Department of Trade and Industry,
Bases Conversion and Development Authority, Subic Bay
Metropolitan Authority, Clark Development Corporation,
North Luzon Railways Corporation, and CIAC.
Published in the Sun.Star Pampanga newspaper on
January 11, 2011.
9
GGLC Newsletter Express

egional News
SBMA, Subic investors
welcome new directors
Punto Central Luzon
SUBIC BAY FREEPORT – Top executives of the Subic Bay
Metropolitan Authority (SBMA) and the Subic Bay Freeport
Chamber of Commerce (SBFCC) have expressed relief over
the appointment by President Benigno Simeon Aquino III
of new directors to the SBMA board, saying this would put
the Subic agency back on track.
“This is good news. Now we can get back to work
and resolve some unfinished business,” said SBMA
administrator Armand Arreza after the appointments were
announced by Malacañang recently.
Arreza said that a lot of pending matters have already
accumulated before the SBMA board ever since Executive
Order No. 2 (EO 2), which revoked the appointment of
some directors, took effect on July 30 last year.
“But now, we have a quorum, so we can do business
again,” Arreza added. He said that the six new appointees
and the three remaining officials not affected by EO 2
would already comprise a majority in the policy-making
body.
The new directors named by President Aquino are former
Ayala Land president Francisco Licuanan III; Benjamin
Antonio III, president of the Subic Bay Consultancy and
Allied Services Corp.; Philip Camara, president of the
Zambales-based political party Pinag-isang Lakas Tungo
sa Pagbabago; Ramon Sesdoyro, Norberto Sasa, and
Gerald Sam del Rosario.
The 12 affected SBMA board members were: Eddie
Tamondong, Mario Garcia, Stefani Saño, Ricardo
Coscolluela, Jesus Vicente Magsaysay III, Marivic
Pineda, Angelita Cruz, Alvin Capino, Ariel Castro, Jorge
Estanislao, Francis Garcia, and Jennifer Ting.
Following the new appointments, Arreza said that
investors in the Subic Bay Freeport have likewise
welcomed the arrival of the six new SBMA board
members.
According to SBFCC president Danny Piano, business
locators in Subic are thankful that President Aquino
heeded their request to fill the void left by the
unseated board members.
Piano added that some of the new board members are
very familiar people to the Subic business community.
These include Licuanan, who served as SBMA chairman
prior to the appointment of Salonga; and Antonio, son
of former SBMA administrator Alfredo Antonio.
Piano said that the SBFCC wrote to President Aquino
two months ago, requesting that the SBMA Board be
reconstituted immediately.
“We hope that (new directors) can hit the ground
running, and that they would help boost Subic’s status
as a premier investment center,” Piano added.
10
Prior to this, only Arreza, SBMA chairman Feliciano
Salonga, and director Teodoro del Rosario remained in the
board after 12 other members were unseated by EO 2.
The said order revoked the services of midnight
appointees in the government who were appointed by
then President Gloria Macapagal-Arroyo on March 1, 2010.
It reportedly affected around 1,000 officials who were
either appointed after March 11, 2010, the start of the
constitutional ban on appointments before the May 10
elections last year or before March 11, but who took their
oath of office or assumed office after March 11.
Subic Bay Metropolitan Authority (SBMA) office in Olongapo.
GGLC Newsletter Express

New shipping line strengthens
Subic’s position as maritime hub
Manila Bulletin
SUBIC BAY FREEPORT, Philippines – The development of
the Subic Bay Freeport as a major maritime hub in the
Asia-Pacific region has taken a new tack with the entry of
Tiger Lines as the third shipping line that will make regular
calls on the Port of Subic Bay.
In its launching presentation held last 19 January at the
Yokohama Tire Philippines, Inc., Clark Freeport Zone, Tiger
Lines officials met with various locators, brokers, exporters,
importers and freight forwarders to discuss their company
profile, as well as their plans and prospects for growth in
the deep harbors of Subic Bay.
Heading the Tiger Lines officials were Tiger Lines Director,
Project Manager Nikos Vomvogiannis, Tiger Lines
Asia Pacific Director, Yorgos Psinakis, and Avin Group
Chartering Executive Director George M. Konstantakos.
regional News
In their presentation, Tiger executives noted that Subic
was once a US military base that has been successfully
transformed into a financially independent authority
and industrial/export Freeport zone.
Among the strategic advantages they cited were the
modern Port of Subic with its 600,000 TEU capacity
and 4 brand new cranes that can process 100 TEUs per
hour, quick turn-around time, low tariff rates, and the
presence of numerous industries in the Subic and Clark
Freeport Zones that import raw materials and export
finished products.
They also noted that the presence of the modern
Subic-Clark-Tarlac Expressway, convenient feeder
roads, and lack of truck bans open a large market for
their business in neighboring provinces. “We will meet
the import and export shipping needs of North and
Central Luzon regardless of the port of call’” declared
Vomvogiannis, citing their presence in trading areas all
over the world.
Her Excellency, Ambassador of Greece to the
Philippines, Xenia Stefanidou also graced the occasion.
Among those present were Subic Bay International
Terminal Corp. (SBITC) General Manager Reimond Silvestre,
Subic-Clark Alliance for Development (SCAD) Chief of
Staff Linda Pamintuan, Subic Bay Metropolitan Authority
(SBMA) Officer-in-Charge, Senior Deputy Administrator for
Aviation and Maritime Operations Redentor Tuazon , and
SBMA Seaport Department Head Capt. Perfecto Pascual.
Pamintuan praised the welcome development. “This is
a major step in the pursuit of our vision for a globally
competitive mega logistics hub centered in the Subic-
Clark-Tarlac Corridor,” she remarked.
Backed by an expertise in owning, managing and
operating ships for almost 40 years, Tiger Lines hopes
that the establishment and efficient operation of a
new container line out of SBICT will lead to the full
utilization of the Subic Bay container port.
Cebu’s graduates meet
BPO international
standards
Manila Bulletin
CEBU CITY, Cebu, Philippines (PNA) — Cebu’s graduates
have abilities at par with international standards for
business process outsourcing (BPO), according to the
results of a study on Cebu students.
Skills assessment conducted by CIBI Information shows
a 7.4 percent gap in verbal abilities between those who
still studying and those already in the industry.
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GGLC Newsletter Express
Volume 5 | Issue 1

egional News
CIBI is the country’s premier provider of business and
personal information. It used to be the business information
division of then Credit Information Bureau, Inc. jointly
created by the Bangko Sentral ng Pilipinas (BSP), the
Philippine Securities and Exchange Commission (SEC) and
the Financial Executives Institute of the Philippines (FINEX) in
1982. CIBI Information Inc.
Was incorporated in 1997 and was eventually transformed
as a private entity. Since then, it has broadened its scope to
service global requirements for information and support
services through its network of international subscribers,
correspondents and partners.
CIBI Executive Vice-President Jonathan Defensor de
Luzuriaga, in a recent presentation, showed that the
analytical abilities of local students were just 1.3 percent
lower than the highest ranked scores of those already
working in BPO centers in India.
DoT to focus on
rural tourism
Manila Bulletin
SUBIC BAY FREEPORT, Philippines – Department of Tourism
(DoT) Secretary Alberto Lim vowed to give more attention
to rural tourist destinations, as local executives and tourism
stakeholders around the country conveyed their support to
the government’s program on community-based tourism to
counter poverty in rural areas.
Addressing more than 600 governors, mayors, and
local tourism officers during the opening of the threeday
National Conference on Planning and Developing
Community-Based Rural Tourism held at the Subic Bay
Exhibition and Convention Center (SBECC) recently, Lim said
that with the support of the local community, communitybased
rural tourism (CBRT) could be a big boost to local
economies.
Lim said that over the years, the DoT has granted
some P55 million to about 123 rural communities
to help develop and improve indigenous tourism
products and facilities, as well as for training on
tour and trek guiding, native craft making, and local
food catering.
The fund was granted through the Grassroots
Entrepreneurs Employment and Tourism (GREET)
program, which aims to generate employment
and livelihood with balanced ecology and
environmental protection to promote eco-tourism
sites and develop tourism at the community level.
Based on the report of the National Statistics Office
(NSO), Lim said that although the tourism industry
ranks number four as a foreign exchange earner, it is
now number one in creating jobs.
“These jobs are jobs in the rural areas, where most
of our beautiful attractions can be found,” Lim
added.
The CBRT conference was organized by the Subicbased
International School of Sustainable Tourism
(ISST), in collaboration with the Asian Productivity
Organization (APO), the Development Academy of
the Philippines (DAP), and the DoT.
ISST chairperson and former Tourism Secretary
Mina Gabor said the conference aimed to enhance
the knowledge of local tourism stakeholders on
the concept of rural tourism as a strategy to create
economic opportunities in the rural areas.
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“We are going to build a lot of emphasis on product
development in the rural areas where poverty is in the
highest (levels),” Lim said.
He added that President Aquino is placing tourism on top of
his agenda because of the potential of the industry to help
reduce poverty.
Zipline one of tourist attractions at Pugad Pugo, La Union
GGLC Newsletter Express

Clark Freeport bags 2
investments worth $29.5M
Global regional Gateway News
According to Ho, Ritzville Corp. will continue to
invests in research and Development to understand
what Clark residents and investor need.
The Philippine Star
MANILA, Philippines – The Clark Development Corp.
(CDC) has reported investments worth $29.5 million
from Taiwanese firm Haitima Clark Corp and real estate
company Ritzville Corp.
CDC president Benigno N. Ricafort signed an agreement
with Haitima Clark Corp. president Shen, Ming-Show
and the company’s general manager, Chen Chun-Fu
for the establishment of a manufacturing plant for
various valves, flanges, pipes, fittings, and other metal
accessories for export.
According to CDC, Haitima is initially investing $25
million for its first year of operations and is expected to
generate jobs for 150 employees also on its first year.
The CDC added that the manufacturing plant will be
built in a 15,000-square meter lot along M.A. Roxas
Highway, which is near the Bureau of Customs Clark
office.
On the other hand, officials of Ritzville Corp. recently
held a groundbreaking ceremony to signal the start
of construction work for the Clark Freeport’s premier
condominium complex.
Ritzville president Cho Young Ho said the company
is investing an initial $4.5 million for the project. Ho
said Ritzville is the second Clark-based investment of
managing director Ki Young Hong, founder of New Well
Being Spa and Lohas Hotel, also in Clark.
He described Ritzville as a fusion of modern
Mediterranean-inspired condo-type buildings that
will rise in a bed of landscaped parks.
“The site development plan has been carefully studied
to give pleasure to its residents,” Ho said. “Also, the
commercial complex and clubhouse are incorporated
with a fusion of high technology and modern art to
cater to all residents.”
New global gateway
rises north of Manila
The Philippine Star
MANILA, Philippines - There are a number of
developments expected in the coming 24 months at
the Clark Freeport Zone in Pampanga, owing largely
to Global Gateway Logistics City, a 177-hectare master
planned mixed use aviation oriented logistics and
business center of excellence.
Global Gateway, also known as GGLC is located in the
Clark Freeport Zone, just 60 minutes north of Manila.
The developer of the area, American firm Peregrine
Development International is optimistic that there
would be a lot of expansion of the different businesses
in Clark once GGLC is fully developed.
He added that Ritzville “is one of the most exclusive
addressed in Central Luzon which redefines luxury,
giving comfort a new name, and security a priority.”
“Ritzville is located along Malago Street but is more
accessible through E. Aguinaldo Avenue. Or for those
familiar with New Well Being Spa and Lohas Hotel, the
condo complex is simply beside these equally-world
class establishments,” Ho said.
“Ritzville offers all the elegance and comfort of a private
home within a 7.19-hectare wide upscale lifestyle estate,”
he noted.
Soon will rise the Philipiines’ very first Aerotropolis
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Volume 5 | Issue 1

egional Global Gateway News News
Peregrine Development International Inc. conceived the
project in 2006 and completed the feasibility study and
master plan in 2007. It was presented to KGL Investment
Co., the investment arm of one of Kuwait’s largest
and most respected logistic groups for financing and
ownership.
has been completed, as has 100 percent of the site
preparation.
This consisted of removal of old derelict structures,
grubbing and leveling of the site and removal of trees
and other forms of interference.
According to information provided by Peregrine, KGLI
signed a memorandum of agreement in April 2008 and
the lease with Clark International Airport Corporation in
July 2008.
KGLI, for its part, retained Peregrine Development
International Inc. as the exclusive program and project
manager, prime contractor and developer. “Peregrine is
intimately familiar with the site and project, and more
importantly, has an executive team that has experience
and knowledge of operations in the Philippines since
1972,” it said.
Peregrine tapped Palafox Associates, the leading
Philippine Architecture and Engineering Company to
do the detailed design and assist in the planning of the
project.
Furthermore, all major road networks, storm culverts
and utility corridors have been laid-out, with many to
the sub-base level.
According to Peregrine, two formal grand entry markers
with signage, fountains and landscaping marking the
entry of the project have been erected.
Road and utility corridor construction continues and
ready to receive the final layer of Cement Treated Base.
Planning and design has begun on several of the
vertical structures and facilities, including a 200 bed
hospital, BPO campus, several office buildings and
commercial center, with the start of construction
scheduled for the fourth quarter of 2010.
GGLC, as planned by Peregrine, will offer the perfect
blend of prime real estate and facilities for one’s
business needs.
There is a logistics park that would cater to
warehousing, distribution and light manufacturing
operations and a business park for office requirements.
There is also an aero park home for research and
development, modeling and simulation and centers of
higher learning.
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177 hectare state-of-the-art master planned mixed use Logistics
and Business Center of Excellence
In an e-mail interview with The Star, Dennis Wright,
president of Peregrine Development International noted
that there are many developments in and outside of
Clark, partly because of the GGLC project.
“Clark is booming both inside and outside the confines
of Clark, consider in just four years, Clark has two major
malls, SM and Ayala Marquee, a new TGIF restaurant,
many new condos, residential, large office buildings and
in Clark, the GGLC project, Texas Instruments, Samsung’s
Airlines’ new hangars and much, much more. There’s all
this flight and commercial development,” Wright said.
To date, the planning and design of the infrastructure
The last part is the town center which will host retail
and shopping needs.
The blueprint crafted by Peregrine also showed that
GGLC will host business enterprises and operations
with priority given to aviation and logistics related
businesses, including but not limited to warehousing,
distribution, transportation and related logistics.
There will be a lot of activities in the areas of aviation.
“Over 4,500,000 square meters of turnkey facilities,
ranging from warehouses and light industrial facilities
to modern office buildings and commercial and
retail outlets are being design-built for direct lease to
locators,” Peregrine also said.
GGLC Newsletter Express

Global regional Gateway News
In 2008, then President Arroyo, inaugurated the
groundbreaking ceremony. Sheikh Ahmad Dawood
Salman Al Sabah, a member of Kuwait’s royal and ruling
family also attended representing the government of
Kuwait. The ceremony was well attended by numerous
dignitaries from both government and industry and over
1,000 attendees.
Last December, Medical City also had a groundbreaking
ceremony there.
According to Wright, construction is almost complete
but the restoration of the cemetery would need a lot of
support from different sectors, to make the vision of this
campaign possible.
In the coming months, Peregrine’s Wright said, GGLC will
be breaking ground on a retail and commercial section
and have several other locators in the final stages of
lease negotiations.
Indeed, Clark is one booming place with the help of
GGLC.
Restoration works ongoing
at Clark Veterans Cemetery
Sun Star Pampanga
CLARK FREEPORT - Global Gateway Logistics City and
Peregrine Development International said Friday that
restoration works are now ongoing at the Clark Cemetery.
Peregrine president Dennis L. Wright said they have
provided for the construction of a new perimeter fence for
the cemetery on behalf of Global Gateway Logistics City.
Newly built perimeter fence of Clark Veterans Cemetery.
“We would like to be able to witness the transfer
of the forgotten Clark Veterans Cemetery to its
proper administration by the National Cemetery
Administration, American Battle Monuments
Commission and concerned government agencies,”
Wright said.
Restoration works for CVCRA Fence
GGLC Newsletter Express
In addition, Wright said the restoration of the cemetery
is to honor the veterans, both Americans and Filipinos,
who are interred there.
“We want to achieve national recognition and federal
support for the cemetery,” Wright said.
The other day, Vietnam War hero retired Sergeant Major
Frederick Edward Smith, who died last January 12 at the
age of 68, was interred there.
His burial was considered as one of the “most
decorated” the Clark Cemetery has had in recent
history.
“The ongoing restoration campaign is something that
Surgeant Major Smith would be proud to know and
support. His passing has helped to address the needs of
the cemetery,” Wright said.
Volume 5 | Issue 1
15

GGLC Site progress
Soil Boring test at Aero Park
Concrete pouring of communication duct
RC Pipes to Drainage Manhole
Connection
Reinforced Concrete Pipe Culvert laying
16
GGLC Newsletter Express

GGLC Site progress
Electrical pipes at the road 15 are ready
to be layed.
Setting of Rebars
Concrete pouring of communication duct
Concrete pouring of Roadway Light
Pedestal
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GGLC Newsletter Express
Volume 5 | Issue 1

Ms. Jean
January 19, 2011
Sir Dennis
January 30, 2011

Global regional Gateway News
References
Investor confidence in Luzon high for 2011
http://business.inquirer.net/money/topstories/view/20110102-312160/Investor-confidence-in-Luzon-high-for-2011
P260-M world-class Caticlan port construction all set
http://www.mb.com.ph/articles/299179/p260m-worldclass-caticlan-port-construction-all-set
Peso seen rising to 41.50 to a dollar Local currency favored to gain sharply this year
http://business.inquirer.net/money/topstories/view/20110130-317519/Peso-seen-rising-to-4150-to-a-dollar
Corporation closes 2010 with $1.34B in exports
http://www.sunstar.com.ph/pampanga/local-news/corporation-closes-2010-134b-exports
MPIC eyes dev’t of DMIA’s second terminal, railway
http://www.mb.com.ph/articles/297349/mpic-eyes-devt-dmias-second-terminal-railway
UAE Freeport wants links with Clark
http://www.sunstar.com.ph/pampanga/local-news/uae-freeport-wants-links-clark
Investments, employment, export highest at Clark Freeport in 2010
http://punto.com.ph/News/Article/10226/Volume-3-No-99/Business/Investments-employment-export-highest-at-Clark-Freeport-in-2010
SBMA, Subic investors welcome new directors
http://punto.com.ph/News/Article/10155/Volume-3-No-96/Headlines/SBMA-Subic-investors-welcome-new-directors
New shipping line strengthens Subic’s position as maritime hub
http://www.mb.com.ph/articles/301508/new-shipping-line-strengthens-subics-position-maritime-hub
Cebu’s graduates meet BPO international standards
http://www.mb.com.ph/articles/300211/cebus-graduates-meet-bpo-international-standards
DoT to focus on rural tourism
http://www.mb.com.ph/articles/299447/dot-focus-rural-tourism
Clark Freeport bags 2 investments worth $29.5M
http://www.philstar.com/Article.aspxarticleId=650243&publicationSubCategoryId=66
New global gateway rises north of Manila
http://www.philstar.com/Article.aspxarticleId=646647&publicationSubCategoryId=78
Restoration works ongoing at Clark Cemetery
http://www.sunstar.com.ph/pampanga/business/restoration-works-ongoing-clark-cemetery
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