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

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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 3 5 6 7 7 8 9 10 11 11 12 13 Global Gateway News 13 15 16 19 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 Volume 5 | Issue 1 3
Page 4 and 5: National News leaders have decided
Page 6 and 7: National News Aklan Provincial Plan
Page 8 and 9: egional News of the Clark airport t
Page 10 and 11: egional News SBMA, Subic investors
Page 12 and 13: egional News CIBI is the country’
Page 14 and 15: egional Global Gateway News News Pe
Page 16 and 17: GGLC Site progress Soil Boring test
Page 18 and 19: Ms. Jean January 19, 2011 Sir Denni

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

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