Inside This Issue - Global Gateway Logistics City

Inside this issue: 

National News 

Page 

High investor confidence due to gov’t determination to institute change—Palace 3 

Luen Thai Announces Expansion in RP 4 

Improving U.S. Markets pulling in RP Investors 5 

MPTC eyes government priority road projects 6 

Inflation seen to hit 12-month low 7 

Regional News 

Angara pushes Baler as economic, cultural, educational, tourist hub 8 

Subic skydiving festival slated in November 9 

Jin Air to Start Flights at DMIA 10 

P1-Billion MRO Hanger to Rise in Clark Aviation Complex 11 

Governor vows to boost multibillion peso furniture industry in Pampanga 12 

Global Gateway News 

Senator impressed with Freeport facility 13 

Chavit leads 1st KBC Auto Show Kick-Off 14 

“Transcending Pwede Na” 14 

Sheikh Ahmad Daoud Salman Al Sabah visit Philippines 15 

GGLC attracts world-class medical service provider 16 

Site Progress 17 

References 20

PAGE 3 

National News 

High investor confidence due to gov’t 

determination to institute change— 

Palace 

October 21, 2010, Malacanang Website 

Malacanang on Thursday said the bullish outlook of 

investors on the Philippine economy was another 

testament of the growing confidence in the Aquino 

Administration’s policy of good governance and level 

playing field for the business sector. 

According to the Dutch financial giant ING’s quarterly 

Investor Dashboard Survey, investor confidence 

in the Philippines remained at a record high in the 

third quarter of 2010, mainly due to higher level of 

trust in the Aquino government. 

GGLC NEWSLETTER EXPRESS 

Net inflows increased from US$128 million in June, 

reflecting positive investor sentiment on the back of 

the nation's stronger growth momentum, expectations 

of manageable inflation for the rest of the 

year, and healthy external payments dynamics, the 

BSP said. 

ING said the country ranks considerably higher than 

the overall pan-Asia rating, which rose 7 percent to 

146 in the third quarter from 136 in the previous 

quarter, and is leading among emerging markets in 

Southeast Asia. 

The survey also revealed that investors are confident 

in the local market despite continued signs of slowdown 

in the US economy. 

The Philippines scored 157 in investor sentiment 

during the third quarter, the same as the second 

quarter and up from 139 in the first. 

Presidential Communications Operations Office Secretary 

Herminio Coloma said the policy of good governance 

by President Benigno S. Aquino had set the 

tone for the bullish outlook on the economy and has 

inspired confidence among investors. 

“The high investor confidence can be attributed to 

the President’s commitment to ensure a level playing 

field for investors, untangle a complicated regulatory 

environment for businesses and his nononsense 

determination to curb corruption,” Coloma 

said. 

As a result, the Philippines foreign direct investments 

(FDI) showed a net inflow of US$222 million in 

July, data from the Bangko Sentral ng Pilipinas 

showed last week. 

a behind the glass look at the state of the Philippine economy 

"Local and foreign investors alike have reflected this 

optimism by pumping more money into Philippine 

stocks," said PJ Garcia, head and chief investment 

officer of ING Investment Management Philippines. 

Garcia noted that average daily turnover in the local 

bourse has doubled to over P6 billion in September 

from only P3.9 billion in the previous months. 

Garcia said investors are confident that the performance 

of the Aquino administration, whose main platform 

is to curb graft and corruption, will translate to 

gains for the local economy. 

In the second quarter, 69 percent of Philippine investors 

responded positively when asked about the 

impact of the new administration on economic 

growth.

PAGE 4 

National News 


Garcia also said investors believe that the country's 

strong macroeconomic fundamentals will offset any 

negative effect of the continued slowdown of the US, a 

key market for Asian exports. 

"The Philippines, along with many emerging market 

economies, is increasingly becoming more resilient to 

external developments. Record high OFW remittances 

and the strengthening of the peso against the US dollar 

have made a strong case for consumption-driven 

growth," Garcia explained. 

Luen Thai Announces Expansion in RP 

BERNIE CAHILES-MAGKILAT 

October 4, 2010, 8:37pm 

MANILA, Philippines – Luen Thai Holdings, the country’s 

biggest garment exporter, has announced major 

expansion in the country including the production of 

new Coach bags, and expansion of its manufacturing 

facilities in Cebu and Clark to handle additional capacities 

for branded apparel and create new 6,500 jobs. 

Net inflows in July were largely driven by the other 

capital account, which summed up to US$186 million. 

Year-to-date, FDI net inflows through July 2010 

reached US$954 million. The biggest contribution to 

the net inflows also came from the other capital account 

consisting largely of intercompany borrowings 

from foreign direct investors by their subsidiaries/ 

affiliates in the Philippines. 

Designer bags made produced by Luen Thai 

Board of Investments Executive Director Lucito P. 

Reyes revealed this to reporters after meeting with 

Luen Thai CEO Willie Tan last Friday. 

No investment details were given. 

Positive inflow of money 

In addition, the stock market hit a record high this 

week and is up 38 percent this year. The peso has 

gained about 7 percent against the dollar and risen to 

its strongest in two-and-a-half years. 

Reyes said President Benigno S. Aquino III witnessed 

the signing of memorandum of understanding on the 

production of new Coach bags and the expansion of 

the Cebu manufacturing facilities during his recent 

U.S. trip. On the production of new Coach bags, Reyes 

said this would be done in the company’s plant in 

Concepcion, Tarlac.

PAGE 5 

National News 


The company is going to create a new corporate vehicle 

for this project, which will employ 2,000 workers 

when it starts commercial operation middle of 2011. 

The Coach bags will be exported to China for consolidation 

prior to its distribution to the US market. Luen 

Thai also produces signature Coach bags in China, 

where it has a huge manufacturing operation. 

Aside from producing new Coach bags in Concepcion, 

Tarlac, the company will also expand its other manufacturing 

facility in Clark, where it produces Ralph Lauren 

shirts, jackets and shorts. 

The expanded facility would cater to the production of 

denim and other processes such as dyeing and washing. 

This would entail the importation of high-end fabric 

from the U.S. This project is expected to hire 2,500 

workers when it starts commercial operation. 

This expansion is in preparation for the passage of the 

“Save Our Industries Act” bill, which seeks to grant 

duty-free importation of garments from the Philippines 

using American texile, yarn and fiber. 

The bellwether Philippine Stock Exchange index rose 

by 0.93 percent or 39.42 points to 4,233.38, while the 

broader all-share index was up by 0.56 percent or 

14.96 points to 2,685.91. 

Trading volume reached 2.04 billion shares worth 

12.18 billion pesos (280.64 million U.S. dollars) with 

88 issues advancing, 50 declining and 39 unchanged. 

Of the six counters, only the mining and oil sector 

bucked the trend. The subindex slipped by 0.26 percent 

or 33.59 points to 12, 885.53. 

"We think that the market continued its rally (on 

Thursday) because of the good corporate earnings in 

the U.S. that propelled the Dow Jones industrial average 

index to close higher," Ignacio Soriano, an analyst 

of Papa Securities Corp., told Xinhua. 

The Dow Jones was up by 0.69 percent or 75.68 points 

to 11,096. 08. This, Soriano said, boosted investors' 

confidence, especially those who are eager to enter 

the equities and were left behind by its recent successive 

rallies. 

Luen Thai’s garment facilities in Tarlac have a production 

capacity of 90 million pieces a year of cotton tops. 

At least 90 percent of their products are exported to 

the U.S. Its total investments in Clark are estimated at 

P265 million. 

Improving U.S. Markets pulling in RP Investors 

October 14, 2010, 8:10pm 

Manila Bulletin 

MANILA, Philippines (Xinhua) - Investors continue to 

enter the Philippine equities on Thursday following the 

U.S. stock market's positive performance. 

Investors are also expecting local firms to continue 

their strong earnings in the third quarter, prompting 

them to take advantage of every dip in the stock market, 

analysts said. 

Investors continue to enter the Philippine equities following the 

U.S. stock market's positive performance.

PAGE 6 

National News 


Moreover, expectations that the local companies will 

continue to post strong earnings in the third quarter 

provided the much needed excuse to enter the local 

stock market, Soriano said, adding that "Investors are 

optimistic that Philippine companies may outperform." 

Stocks in the 30-company index closed higher. Among 

those that were actively traded were Megaworld 

Corp., heavyweight Philippine Long Distance Telephone 

Co. (PLDT), Ayala Land, Inc. and Banco de Oro 

Unibank, Inc. 

MPTC eyes government priority road 

projects 

The Philippine Star 

MANILA, Philippines- Metro Pacific Tollways Corp. 

(MPTC) said it may participate in other government 

priority road projects either by way of bidding or by 

submitting unsolicited proposals. 

MPTC president Ramoncito Fernandez told The STAR 

that while they are still awaiting word on the road projects 

to be prioritized by the Department of Public 

Works and Highways (DPWH), he mentioned the 

Calamba, Laguna Expressway and the Skyway link to 

the Manila airport to Coastal Road as among such projects 

worth looking into. 

in Clark that will include not only a passenger terminal 

but also a new runway, road network and railway express 

that will span from Clark in Pampanga to Makati. 

But MPIC and MPTC chairman Manuel V. Pangilinan 

earlier said they hope that the government’s privatepublic 

sector partnership (PPP) program will include 

not only the passenger terminal but the entire project 

as well. 

Pangilinan said they have tapped consultants to design 

the whole project, adding that will probably take 

five to 10 years before the Clark project materializes. 

He explained that while it may take some time before 

the project takes off, he emphasized that an airport 

express train service is needed if the Clark airport 

seeks to attract more foreign carriers. 

“The Philippines is the only country which still does 

not have an airport express service,” he stressed. 

Pangilinan also told The STAR that the airport express 

project can be complementary to the connector road 

project that will be undertaken by MPTC. 

Last June, the DPWH accepted MPTC’s unsolicited proposal 

to undertake the P17-billion, 13.2-kilometer elevated 

connector road project that will connect the 

North Luzon Expressway (NLEX) with the South Luzon 

Expressway (SLEX). 

The connector road will run along the Philippine National 

Railway (PNR) tracks within the Manila Central 

Business District, from the end of NLEX at C3 to the 

beginning of Skyway 1 at Buendia in Makati, and is 

projected to start in 2012. 

MPTC’s parent Metro Pacific Investments Corp. (MPIC) 

is also looking at a new project for the Diosdado Macapagal 

International Airport (DMIA) 

Metro Pacific Tollways Corp. continue to expand and build more 

infrastructures to serve Filipinos . Manny Pangilinan looking at 

new project for DMIA which is railway express connecting Clark to 

Makati.

PAGE 7 

National News 


“We do not know yet whether it is the connector road 

or the airport express railroad that will be constructed 

above the PNR tracks. 

We are thinking of three levels. On the ground will be 

the PNR rail system, and above it are the connector 

road or the airport express railroad. 

But the two projects will both use the PNR right-ofway.” 

He pointed out that while the train project may compete 

in some way with the connector road project, he 

emphasized that what is needed is to bring in more 

people into Clark. 

Inflation seen to hit 12-month low 

Philippine Daily Inquirer 

October 27, 2010 

MANILA, Philippines—The Bangko Sentral ng Pilipinas 

said the sharp appreciation of the peso, which made 

imported goods cheaper, might pull down inflation in 

October to its lowest level in 12 months. 

Citing estimates by the BSP, Governor Amando 

Tetangco Jr. said the annual inflation rate might settle 

between 2.6 and 3.5 percent in October. The low end 

of the range, if realized, would be the slowest since 

November last year. 

As envisioned, he said the airport express may have 

three stops - Balintawak, Espana and Buendia. 

Pangilinan noted that one of the requirements among 

foreign air carriers is for a train to travel 40 minutes 

from Metro Manila to Clark for them to locate at 

DMIA. 

“The speed of the train must be calibrated,” he said. 

In an earlier interview, Fernandez said it is very natural 

for the Clark airport to use the NLEX right-of-way for a 

possible high-speed rail. 

“If you have an airport in the North, you need a highspeed 

rail that will bring passengers in and out of the 

airport,” he added. 

Both MPIC and San Miguel Corp. (SMC) earlier announced 

that they are in talks on the possibility of being 

partners in joining a Filipino-Korean consortium led 

by Philco Aero, which earlier made an unsolicited proposal 

to construct a $177 million (more than P8 billion) 

new terminal (Terminal 2) at the DMIA. 

The Clark International Airport Corp. (CIAC) has announced 

that its joint venture special committee 

(JVSC) had favored the Philco Aero-led group for 

“detailed negotiations” for the Terminal 2 project. 

Increases in international oil prices and water rates are being offset 

by the appreciation of the peso and decline in electricity rates 

Should inflation in October fall within the projected 

range, the average for the first 10 months of this year 

would be 4 percent. In the first nine months, the average 

increase in consumer prices stood at 4.1 percent.

PAGE 8 

Regional News 


“Inflation is likely to remain low as increases in international 

oil prices and water rates are being offset by 

the appreciation of the peso and decline in electricity 

rates,” Tetangco said. 

Prices of electricity, oil and water registered increases 

during the month, but Tetangco said the impact on 

overall inflation would likely be minimal compared 

with the effect of the rising peso on consumer prices. 

The peso hovered in the 43-to-a-dollar territory this 

month, boosted by the continued surge in foreign 

capital inflows, mainly in the form of portfolio investments. 

The strengthening of the peso has caused discomfort 

among exporters. 

The export industry fear the continued strengthening 

of the peso against the dollar, which jacked up the 

prices of local products, would dampen their competitiveness. 

The rise of the peso is helping keep domestic inflation 

well within the official target of the government. 

The BSP has set its inflation target for 2010 at a range 

of 3.5 to 5.5 percent. 

For 2011 to 2014, the central bank sees inflation averaging 

between 3 and 5 percent. 

As inflation remains benign, the BSP has kept its key 

policy rates at historic lows. 

Angara pushes Baler as economic, cultural, 

educational, tourist hub 

The Philippine Star 

MANILA, Philippines - Senator Edgardo Angara is laying 

down the groundwork for making Baler, Aurora 

Province, an economic, cultural, educational and tourist 

destination in the next five years. 

In an interview with The STAR, Sen. Angara said that 

first and foremost, infrastructure development has 

been started in providing access to the Eastern province 

of Aurora both by air and land. 

According to Angara the Baler-Dr. Juan C. Angara airport 

is having its runway extended to 1,500 meters 

which is much longer than the Caticlan Airport in 

Antique which has a runway length of only 900 meters. 

Another larger international airport is also being constructed 

in Casiguran. 

The Baler airport extension, Sen. Angara pointed out, 

could then easily accommodate an AirBus plane. SEAir 

already has flights to Baler, but talks are already ongoing 

with Air Philippines and Cebu Pacific for future 

flights, he said. 

The central bank’s overnight borrowing and lending 

rates, which influence bank lending rates, stand at 4 

and 6 percent. 

The rates were brought down to record low levels to 

help the economy avoid a recession, especially at the 

height of the global turmoil last year. 

Policymakers said the low interest-rate environment 

pushed demand for loans, which were used to beef up 

consumption and investments. 

Aerial view of Baler Airport also known as Juan C. Angara Airport

PAGE 9 

Regional News 


Land access via an extension of the Subic-Clark-Tarlac 

Expressway (SCTex) by an additional 81 to 87 kilometers 

is also in the works with funding already pledged 

by the Japanese government through the Japan International 

Cooperation Agency (JICA), the Senator said. 

A P350-million economic zone - the Aurora-Pacific Ecozone- 

Sen. Angara said, is under construction with at 

least two locators already. 

This new attraction will be featured in the first Philippine 

Parachuting Phun Phestival, a world-class skydiving 

event that will be held here on Nov. 8-20 with the 

participation of “chuters” from the United States, Canada, 

Europe and the Philippines, among other countries. 

The Aurora-Pacific Ecozone, the veteran legislator, 

educator and former Agriculture Secretary said, would 

be the first ecozone facing the Pacific Ocean since 

most of the existing ecozones face the China Sea. 

Aurora Province, Sen. Angara said, is also developing 

its agriculture sector with the establishment of 

mariculture parks that cultivate high-value fish such as 

seabass, lapu-lapu and bangus. Aurora’s main agricultural 

crop is coconut which produces a number of 

products from coconut oil,coconut vinergar, coco 

jam to coco coir which is used in industrial textiles. 

Sen. Angara has teamed up with well-known high-end 

Raintree Partners, Inc. to develop a “small luxury hotel” 

resort in the Angara family-owned Dikasalarin 

Cove, as well as a moderately-priced resort in Sabang 

Beach. 

Raintree currently manages the SLH Discovery Group 

Resorts of the Tiu Family in Ortigas, Boracay and Tagaytay. 

Well-known architect Ed Calma will design the 

two resorts and construction is expected to commence 

by 2012. The two resorts will use materials indigenous 

to the province. 

Subic skydiving festival slated in November 


SUBIC BAY FREE PORT—If Clark freeport is now known 

for its annual hot-air ballooning event, the Subic Bay 

Free Port may soon become popular for another spectacular 

attraction—big way formation skydiving. 

Another spectacular tourism attraction in Subic Bay 

“We will bring in about 300 to 400 skydivers from all 

over the world to the Subic Bay International Airport 

[SBIA] to skydive for about 8 or 12 days to promote 

skydiving as another tourist attraction in the country,” 

said Sheldon Rice, a Canadian skydiver who is the lead 

organizer of the event. 

The festival, which is being organized under the banner 

of Adrenoline Island Adventures, a sports services 

company based at Baloy Beach Resort in Olongapo 

City and in partnership with Exotic Sky Adventures 

from Europe, is intended to introduce Subic as a skydiving 

destination in the Philippines, Rice added. 

For the November spectacular, the organizers plan to 

use a YS-11 airplane and an Antonov 26 aircraft for 

some 107 divers who will jump off from a height of 

15,000 feet. 

The divers will do various formation skydiving routines 

like the “First Jump Tandem,” “Pro-Swoop Competition,” 

“Canopy Formation,” and “Big Way Formation.”

PAGE 10 

Regional News 


Rice also said he plans to take his three-year-old son 

on a first-jump tandem skydive while a European partner 

will bring his children, aged 10 and 11 for a similar 

stunt. 

Both children have reportedly completed tandem 

jumps at the age of two and currently hold the world 

record for the youngest tandem skydiving passengers. 

Should qualified candidates be found, Rice said he also 

intends to bring along some newscasters or reporters, 

and some showbiz personalities daring enough to join 

a first-jump tandem skydive. This will be free of 

charge. 

Aside from dives and jumps that will serve as main attraction, 

the festival will also feature a trade show to 

be joined by airline operators and sports-gear manufacturers. 

Rice said the organizers will also line up tours to various 

adventure sports attractions in the Subic free port, 

where festival participants could also engage in horseback 

riding, scuba diving, kite boarding jet skiing, 

wake boarding and parasailing, among others. 

He added that Subic is an ideal location for formation 

skydiving because it has its own airport, and the place 

is accessible to both local and foreign participants. 

Rice also said that in bringing skydiving to Subic, the 

organizers hope to break skydiving records here in the 

Philippines where only small groups had so far attempted 

formation dives. 

Jin Air to Start Flights at DMIA 


CLARK FREEPORT, Pampanga — Starting October 27, 

2010, South Korea’s budget carrier Jin Air will start its 

regular flights at the Diosdado Macapagal International 

Airport (DMIA), plying the Incheon-Clark- 

Incheon route five times weekly. 

Jin Air President Kim Jae Gun (center) introduces Jin Air pilot Captain 

Cho Chang Hyun (left) to Clark International Airport Corporation 

(CIAC) President and CEO Victor Jose Luciano during the welcome 

for the Jin Air inaugural flight of the newest airline at the 

Diosdado Macapagal International Airport (DMIA) that arrived at 

1 a.m. on October 27, 2010. Using the Boeing 737-800 aircraft, Jin 

Air, a full owned subsidiary of Korean Air, flies 5 times a week between 

Clark and Incheon, South Korea. (AMR) 

Clark International Airport Corporation (CIAC) President 

and CEO Victor Jose Luciano announced the entry 

of the newest airline at the DMIA signals Jin Air’s 

full operations at the 2,367-hectare Clark Civil Aviation 

Complex in the Clark Freeport Zone in Pampanga. 

“We welcome Jin Air’s regular flights at DMIA that 

would not only bring in more Korean tourists to Clark 

but also give the people of Northern Luzon the opportunity 

to visit the beautiful country Korea,” he added. 

Jin Air will operate five flights weekly at Clark utilizing 

the airlines’ 180-seater Boeing 737-800 aircraft for 

their Incheon-Clark-Incheon operations. 

Jin Air is the sixth and latest addition to the international 

airlines operating at the DMIA and is the second 

South Korean commercial airline after Asiana Airlines 

that started operations in October, 2003. 

On October 27, Luciano will lead a simple welcome 

ceremony for the Jin Air inaugural flight at the DMIA 

that is expected to arrive at about 1:00 a.m. At 6 p.m. 

of the same day,

PAGE 11 

Regional News 


Luciano will host a cocktail for airlines and the tourism 

industry at the Mahogany Room of the Holiday Inn 

Clark in the Mimosa Leisure Estate. 

Jin Air is a full subsidiary of Korean Air. Korean Air is 

the flag carrier and the largest airline of South Korea. 

Korean Air serves 130 cities in 45 countries around the 

world while its domestic divisions serve 20 destinations. 

Korean Air is among the top 20 airlines in the world in 

terms of passengers carried and is also a top-ranked 

international freight carrier. The airlines’ international 

hub is the Incheon International Airport. 

Jin Air began operations in July, 2008 with routes to 

regional destinations in Korea using their Boeing 737- 

800 and in October, 2009, began flights to Guam, 

Osaka and Bangkok. 

Tiger Airways that flies daily to Singapore; and, Air 

Asia that flies daily to Kuala Lumpur and Kota Kinabalu. 

Also operating flights at the DMIA is local carrier Cebu 

Pacific Air, which flies to Hong Kong, Singapore, 

Macau and Bangkok as well as domestically to Cebu. 

The Spirit of Manila Airlines flies to Taipei while and 

South East Asian Airlines (Seair) flies via to Caticlan. 

(AMR) 

P1-Billion MRO Hangar to Rise in Clark 

Aviation Complex 

“Since 2004, Korean tourists have immensely contributed 

to the local economy of Angeles City and the 

communities in the Metro Clark area as well as the 

rest of Central Luzon. There are an estimated 20,000 

Korean tourists in the Clark and Subic areas,” Luciano 

said. 

“The Korean tourists have contributed to the growth 

and development of Clark which in effect generated 

businesses and employment for the people in the 

area,” he added. 

Luciano also said upon arrival in Incheon, Jin Air passengers 

can go to other destinations in the world. 

“Travelers can go to other destinations in the world 

when you take Jin Air,” he pointed out. 

Jin Air has five Boeing 737-800 aircraft in its fleet for 

their operations in the South East Asian region, including 

Japan. 

Jin Air adds to the host of foreign and local carriers 

operating international and domestic flights at the 

DMIA that include Asiana Airlines that flies daily to 

Incheon; 

Maintenance, repair, and overhaul hangar of SIA Engineering in 

Clark 

Leading aircraft maintenance, repair and overhaul 

(MRO) company SIA Engineering Company (SIAEC) 

will be setting up its second hangar costing close to P1 

billion to provide MRO services for the Boeing 

747 and 777 and generate 300 direct jobs in the 2,367 

-hectare Clark Civil Aviation Complex. 

Clark International Airport Corporation (CIAC ) 

President and CEO Victor Jose I. Luciano announced 

yesterday that the construction of the second 

hangar will start mid- November 2010. 

"SIAEC will be building a bigger hangar to accommodate 

wide-bodied aircraft such as the Boeing 747 and 

777," Luciano said.

PAGE 12 

Regional News 


In November 2008, SIAEC, together with its joint venture 

partner Cebu Pacific Air, began construction of 

the first hangar for the Airbus 320 and 319 series aircraft 

in the Clark Civil Aviation Complex that paved the 

way for the further development of the Diosdado 

Macapagal International Airport (DMIA). 

The first hangar, costing an estimated P800 million, 

started operations in July 2009 which accommodates 

Airbus A-320 series aircrafts. 

"Now we will see the development of the second, 

much larger hangar in Clark. 

This will generate no less than 300 direct jobs and 

about 200 indirect jobs for our people in Central and 

Northern Luzon," Luciano stressed. 

He said SIAEC will spend close to P1 billion for the construction 

of the second hangar and will commence 

operation by end 2012. 

SIA Engineering Company based in Singapore is a leading 

aircraft MRO company providing total maintenance 

solutions to wide-bodied aircraft of the world. 

SIA Engineering Company, together with its 24 joint 

ventures and subsidiaries across nine countries, 

formed the SIAEC Group. 

The SIAEC Group provides extensive MRO of aircraft to 

more than 85 international airlines worldwide. 

With certifications from more than 20 airworthiness 

authorities, SIAEC's six hangars and 22 in-house workshops 

in Singapore provide complete MRO services in 

airframe, component, engine, aircraft conversions, and 

modifications to major airlines from four continents. 

SIEAC also provides support services at the Changi International 

Airport in Singapore as well as line maintenance 

support services to countries such as Australia, 

United States, Hong Kong, Indonesia, Vietnam and the 

Philippines. 

Governor vows to boost multibillion peso 

furniture industry in Pampanga 

Business Mirror 

CITY OF SAN FERNANDO --- Gov. Lilia G. Pineda vowed 

to help boost the multibillion furniture industry in the 

province, saying it is a key to job generation and can 

strengthen the local economy. 

This developed as the Chamber of Furniture Industries 

of the Philippines (CFIP), Pampanga Chapter led by its 

president, Remigio L. Lastimoso paid a courtesy call on 

the governor yesterday to get her support for the industry. 

After a brief meeting, both the governor and the furniture 

makers said they look forward to a productive 

partnership in giving the furniture industry and the 

local economy a big boost. 

The governor committed to set up a showroom where 

the CFIP members could display their products. 

Creativity and craftsmanship is one key to furniture 

business 

“We shall find an appropriate location and set it up as 

a decent and attractive venue where you could showcase 

your beautiful and quality furniture pieces,” the 

governor told the CFIP.

PAGE 13 



Lastimoso and his group expressed elation over the 

governor’s commitment, adding that a showroom 

would help attract buyers, strengthen the local market 

and revive the weakened export market. 

Senator impressed with Freeport facility 

Sun Star Pampanga 

He added that they had a very productive meeting 

with the governor who expressed a desire to have a 

stronger government and private sector partnership 

for the furniture industry. 

The governor said that Pampanga is known for its 

beautifully crafted furniture pieces and it needs all the 

support it can get from the provincial government. 

“A closer tie-up between us would result in generating 

employment for our cabalens and a stronger economy 

for the province,” Pineda said. 

The governor asked Lastimoso and his group to conduct 

continuous training programs to upgrade the 

skills of local designers, carpenters, weavers and other 

industry workers. 

The CFIP is conducting design competitions among 

local schools, technical and vocational schools in particular, 

to give young students an early exposure to 

commercial furniture design. 

As of now, Lastimoso said they have been getting projects 

including the production of furnishings for residences, 

hotels, restaurants, resorts and other institutions. 

Lastimoso revealed that the CFIP Pampanga chapter is 

composed of 55 companies, his company, Country Accents, 

being one of them. 

“We employ a total of 150 people per company and 

we have at least 10,000 employees, suppliers, subcontractors 

and other stakeholders in the local furniture 

industry,” he said. 

Mr. Dennis L. Wright (Peregrine CEO/President) gives an overview 

of the Global Gateway Logistics City project to Senator Edgardo J. 

Angara and Aurora Congressman Juan Edgardo M. Angara in a 

recent visit at GGLC office. 

CLARK FREEPORT -- Senator Edgardo Angara recently 

described the 176-hectare Global Gateways Logistics 

City located inside this Freeport as a "remarkable" 

project that would provide jobs to thousands of Kapampangans. 

This was gleaned during the Senator's recent visit at 

the GGLC, where he lauded the developments inside 

the state-of-the-art facility. The GGLC is set to be newest 

and most modern fully integrated Logistics and 

Business Hub in Southeast Asia. 

Angara - who holds the Senate committee chairmanships 

on Education, Arts and Culture and Science and 

Technology - was accompanied by son Aurora Lone 

District Rep. Juan Edgardo Angara during the tour. 

They were briefed by GGLC president and CEO Dennis 

L. Wright. 

"With these developments at the GGLC, Clark will remain 

as the premier business and tourism hub in 

Southeast Asia," Angara said.

PAGE 14 



GGLC, one of the many investors inside this Freeport, 

is adjacent to the Diosdado Macapagal International 

Airport and located at the center of the Pacific's best 

intermodal transportation and logistics hub. (Ria De 

Fiesta) 

Chavit leads 1st KBC Auto Show Kick-Off 

Pampanga Weekend Review 

Accompanying Singson during the ribbon cutting ceremony 

GGLC President and CEO Dennis L. Wright, SM 

City Clark mall manager Ana Datu, Hotel Sogo Dau 

Branch manager Mar de Jesus and businesswoman 

Jack Weber. 

“Transcending Pwede Na” 

October 20, 2010 President/CEO Mr. Dennis L. Wright 

launched an internal program to Peregrine Phils. and 

Branch employees called the “Transcending Pwede 

Na”. The program aims to help focus on, and promote 

quality in Peregrine and GGLC. 

The idea came from a news article which is a kapampangan 

company which did good by “Transcending 

Pwede Na”. It instill quality and strong work ethic 

among employees to do their best and go beyond. 

Ribbon cutting ceremony with (left) Peregrine President and CEO 

Dennis L. Wright, Businesswoman Jack Weber, SM City Clark mall 

manager Ana Datu, Gov. Luis “Chavit” Singson, and Hotel Sogo Dau 

Branch manager Mar de Jesus 

The program was rolled out to all employees and subcontractors 

of Peregrine and GGLC. 

Clark Freeport— Ilocos Sur Gov. Luis “Chavit” Singson 

over the weekend led the kick-off and ribbon cutting 

ceremony of the 1st KBC Auto Show and Sound-Off 

Competition at the al fresco parking area of SM City 

Clark here. 

The two-day event, which was organized by the Kapampangan 

Boys Club, showcased 20 of the most 

powerful and modified vintage and modern luxury cars 

owned by car enthusiast from all over the province. 

This is an amazing project and the members of the KBC 

should be lauded for such a successful event that has 

brought together car enthusiast form Pampanga” Singson 

said. Singson also encouraged officers and members 

of the KBC to continue initiating worthwhile and 

significant projects which are aimed at promoting the 

talent and creativity of the Kapampangan youth. 

Promoting quality and work ethic

PAGE 15 



Sheikh Ahmad Daoud Salman Al Sabah 

visits Philippines 

A Member of Kuwait and Ruling Family, Sheikh Ahmad 

Daoud Salman Al Sabah visited Philippines last October 

21, 2010 with a series of meetings with political leaders 

like Senator Edgardo J. Angara and cabinet members 

of the Aquino administration. 

He met with the executives of Medical City Ms. Margaret 

Bengzon and Mr. Alfredo Bengzon for the coming 

groundbreaking ceremony of Medical City at GGLC on 

December 6, 2010. 

Sheikh Ahmad Daoud Salman Al Sabah also visited and 

take a tour at the Global Gateway Logistics City site 

project together with Sen. Ed Angara and Aurora Congressman 

Juan Edgardo Angara followed by a dinner at 

Mr. Dennis Wright’s house in Angeles City. 

Sheikh Ahmad Daoud Salman Al Sabah with the executives of 

Medical City, Chateau Group of Companies, GGDC, Peregrine and 

Sec. Florencio Abad 

Mr. Wright gave a tour to Sen. Angara, Cong. Angara and Sheikh 

Ahmad Daoud Salman Al Sabah at GGLC site and office. 

Sen. Angara present a token of appreciation to Sheikh Ahmad 

Daoud Salman Al Sabah on a dinner at Prince Albert Rotisserie in 

Hotel Intercontinental, Makati City 

Night was serenaded by “The University of the Philippines Singing 

Ambassadors” 

Dinner at Mr. Dennis Wright’s house in Angeles City

PAGE 16 



GGLC attracts world-class medical service 

provider 

Global Gateway Logistics City attracts the world class 

medical service provider “The Medical City”. A dinner 

meeting held last October 26, 2010 at Café 1771. The 

Medical City will situate at the Aero Park zone of 

Global Gateway Logistics City and will commence 

groundbreaking ceremony on December 6, 2010. 

The Medical City with over 40 years experience in hospital 

operation and administration. It’s world-class 

health care complex serves some 40,000 in-patients 

and 400,000 out-patients annually. 

Florencio "Butch" Bersana Abad, Philippine Secretary of Budget 

and Management. 

TMC has a medical staff of over 1,000 physicians who 

are established experts in their various fields of specialization. 

Sheikh Ahmad Daoud Salman Al Sabah presenting a token of appreciation 

to Ms. Margaret Bengzon, Head , Strategic Services 

Group of The Medical City 

In this photo: (Upper left) Mr. Dakila Maniquis Chief Investment 

Officer of Peregrine , Mr. Tommy Tantoco, Chief Financial Officer of 

Chateau Group of Companies, Mr. Ricardo Gutierrez, Chief Executive 

Officer of Chateau Group of Companies, Mr. Jose Xavier B. 

Gonzales, Treasurer of “The Medical City”, Mr. Dennis Wright President 

of Peregrine, Mr. Evan McBride, Chief Financial Officer of 

Global Gateway Development Corporation, Mr. Mark Williams, 

President of Global Gateway Development Corporation. (Lower 

Left) Mr. Ed Birkins, Chief Financial Officer of Peregrine, Secretary 

Florencio Abad of Budget and Management, Sheikh Ahmad Daoud 

Salman Al Sabah, member of Kuwait Royal and Ruling Family, Ms. 

Margaret Bengzon, Head, Strategic Services Group of The Medical 

City, and Mr. Jeff Pradhan, Peregrine Director for Business and 

Development during the meeting at Café 1771. 

Mr. Jose Xavier Gonzales, Board of Directors “The Medical City”

PAGE 17 



Site Progress 

New equipments on test drive 

New equipments on test drive 

Purchased equipments of Peregrine Phils. 

Finished entry marker with fountain and lights being tested 

Ongoing electrical conduit pipe laying at road 15 

Ongoing concrete pouring activities at road 15 for drainage manhole 

extension

Captured…. 

A tour at the GGLC office 

Sen. Ed Angara & Rep. Juan Edgardo Angara with Peregrine employees 

Dinner meeting at Prince Albert Rotisserie 

Serenaded by the pride of Filipinos, “The UP Singing Ambassadors” 

Presenting a token of appreciation for The UP Singing Ambassadors 

Mr. Simon Morley and Cong. Juan Edgardo Angara 

A plaque of appreciation to Mr. Dennis L. Wright during the 1st KBC Autoshow

PAGE 19 



Happy Birthday! 

Roann, Bryan, Sir Del, Sir Nato, Sir Rosel, Sir Armand & Sir Raffy 

Quadruple Birthday Party! :) Let’s eat pancit! :) 

We wish for, 

hmmmm 

Which is my gift :) Oh so sweet :) 

Wade: Oh Jim, wait I 

still want to get some 

food for me ;) 

Bhey & Atty. : Hide 

me! I’m on a diet :)

References 

Luen Thai Announces Expansion in RP 

http://www.mb.com.ph/articles/280534/luen-thai-announces-expansion-rp 

Angara pushes Baler as economic, cultural, educational, tourist hub 

http://www.philstar.com/Article.aspxarticleId=615584&publicationSubCategoryId=66 

Improving U.S. Markets pulling in RP Investors 

http://www.mb.com.ph/articles/282227/improving-us-markets-pulls-rp-investors 

Subic skydiving festival slated in November 

http://businessmirror.com.ph/home/regions/2128-subic-skydiving-festival-slated-in-november 

Jin Air to Start Flights at DMIA 

http://www.mb.com.ph/articles/282817/jin-air-start-flights-dmia 

Governor vows to boost multibillion peso furniture industry in Pampanga 

http://www.businessmirror.com.ph/home/regions/3697-governor-vows-to-boost-multibillion-peso-furniture 

-industry-in-pampanga 

MPTC eyes government priority road projects 

http://www.philstar.com/Article.aspxarticleId=622114&publicationSubCategoryId=66 

Inflation seen to hit 12-month low 

http://business.inquirer.net/money/topstories/view/20101027-300110/Inflation-seen-to-hit-12-month-low 

High investor confidence due to govt's determination to institute change -Palace 

http://www.president.gov.ph/news/default.aspxn=High%20investor%20confidence%20due%20to% 

20govt%27s%20determination%20to%20institute%20change%20-Palace 

GGLC attracts world-class medical service provider 

http://www.themedicalcity.com/aboutus.php

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