GGLC Express Issue - Global Gateway Logistics City

Inside this issue:PageNational NewsRP's current account surplus up 3.2% to $4.406 billion in first half 3New airports, LRT lines set in 2011 4Asean 5 seen to post robust gains in 2010 5Clark Electric allots P170 million for new projects 6Philippine Inflation Eases 3.5% in September 7BoI Expects to Exceed P287-B full 2010 Goal 7Cebu Pacific Leads in Passenger Volume Among Local Airlines in First 6 Months 8DTI sees investments reaching P400 billion 9Regional NewsSubic Freeport to host ATOP confab 10Hanjin manpower to reach 22,000 this year 11CDC Prexy issues virtual valedictory 12More Flights from Jakarta, Bangkok Coming to DMIA 13Global Gateway NewsGroup bats for restoration of Clark Veterans Cemetery 14Red Planet Hotels to invest in city 16Site Progress 17References 18

PAGE 6National NewsLow interest rates lead to an increase in bank loanswhich, in turn, spur consumption and investments.However, S&P said growth of the economies in theregion in the second half could be slower than thatseen in the first half.This is because some of the stimulus measures implementedearlier by their respective governmentscould be withdrawn due to the recovery of theglobal economy.Some central banks in the region may soon raisetheir key interest rates, S&P said.The credit firm expects average growth of the Asean5 in the second half to be at 4.8 percent.“The weaker second half outlook is due to the waningimpact of inventory restocking off a weak base,fiscal stimulus withdrawal, and monetary policytightening,” S&P said.Clark Electric allots P170 million for newprojectsThe Philippine StarSeptember 16, 2010Based on its petition, CEDC will undertake theconstruction of an additional transformer bayusing the existing 40 megavolt-ampere powertransformer.It also plans to construct a 69-kilovolt tie-line toconnect to the Angeles Electric Milenyo substation.It also proposes to connect the 69-kv line loopingto Clark Development Corp. 230-kV substation,installation of power quality meters at Clark Electric’s69-kv delivery points, installation of faultindicators on the 13.8-kv feeder lines, automatedmeter reading of top 20 locators and installationof fiber optic lines.On the other hand, non-electrical projects involvethe construction of a three-story office buildingand warehouse, financial management systemtechnology upgrade and the purchase of a truck.“The said electric and non-electric capital projectsshall be funded by CEDC using its approved creditfacilities,” CEDC said.MANILA, Philippines - Clark Electric DistributionCorp. (CEDC) plan to spend about P170 million for itsprojects this year and next, the company said instatement.CEDC is seeking the approval of the Energy RegulatoryCommission (ERC) to implement the projectswhich it said would be beneficial to its customers.“In an effort to improve the quality of service to itslocators, CEDC herein seeks authority to install, construct,operate and maintain its major electrical capitalprojects and non-electrical capital projects for2010-2011,” it said.CEDC, which services the Clark Freeport Zonein Pampanga, is a joint venture between AngelesElectric Corp. and Meralco Industrial EngineeringServices Corp. (Miescor), a subsidiary of Manila ElectricCo. (Meralco).Another reason to locate in Clark is stable power supplyAccording to CEDC, it had set aside about thesame amount in 2009 for projects to provide reliablesupply of power in the ecozone. CEDC chiefoperating officer Radito P. Tuazon earlier said theupgrading of these facilities was necessary to supportthe demand growth in the area.

PAGE 7National NewsGGLC NEWSLETTER EXPRESSPhilippine Inflation Eases 3.5% in SeptemberManila BulletinMANILA, Philippines (Xinhua) - Philippine headlineinflation rate in September eased to 3.5 percent onlower food and fuel prices, National Statistics Officesaid Tuesday.Stable supply of rice, chicken meat and vegetablesreduced food prices.The general downward price adjustments in gasoline,diesel, and kerosene nationwide pushed downthe fuel, light and water ( FLW) index to 11.8 percentin September from 15.3 percent in August.Excluding selected food and energy items, core inflationeased to 3.8 percent in September from 4.2 percentin August.The actual headline September inflation is slightlylower than central bank's expectations. Central BankGovernor Amando M. Tetangco Jr. earlier forecastsannual change in September consumer prices torange from 3.6 to 4.5 percent.BoI executive director Lucita P. Reyes said the investmentinflow represents the combined cost of131 new projects the agency registered in theJanuary-September period this year versus the 108projects in the same period in 2009.“There were more micro and small projects thatwe registered last year,” Reyes said. In 2009, theBoI total investments haul reached P155.4 billion.Once in full commercial operation, the newly approvedprojects are expected to create 18,992 jobopportunities or 8 percent more than the 17,621jobs from the approved projects last year.The robust investment inflow would be reasonenough for BoI to be bullish this year. The BoI hasset an overall P287 billion investments target for2010 to include projects that registered even withoutthe benefit of government incentives like companiesoperating regional headquarters, retailtrade and motor vehicles.BoI Expects to Exceed P287-B full 2010GoalAs Jan.-Sept. investments soar 326% to P192.47 BManila BulletinMANILA, Philippines – The Board of Investments, thegovernment’s premier investment generatingagency, expects to surpass its full year target of P287billion as new approved projects in the first ninemonths this year soared 326 percent to P192.47 billionas against P45.179 billion in the same period lastyear.Increase in investments would increase jobs generation“We will meet our target, but we are projectingwe are going to overshoot our target based onnew applications that are already in the pipeline,”Reyes said.

PAGE 8National NewsShe cited at least 131 projects worth P129 billion thatare either being processed, checklisted or waiting forofficial registration with the agency.Major investments approved in the first nine monthsof the year were mostly in the infrastructure sector,particularly power and renewable energy sources,aviation, IT and exports.Meantime, the national investments target for 2010 isP345 billion. These include investments generated byBoI, Philippine Economic Zone Authority, Clark SpecialEconomic Zone and Subic Bay Metropolitan Authority.BoI and PEZA account for 90 to 95 percent of the country’soverall investments inflow.The country’s record high investment generation wasregistered in 2008 with P464.2 billion.CEB successfully maintained its position as thecountry’s largest national flag carrier. It dominatedthe domestic air travel market in the firsthalfof the year with a market share of 48.7%,and carried 1.2 million passengers more than itsclosest competitor Philippine Airlines.CEB attributed its remarkable 26% internationalpassenger base growth to its robust positions inAsian destinations, such as Osaka, Seoul(Incheon), Singapore, Hong Kong, Shanghai andMacau.“Our continued expansion in Asia and in the Philippinescoupled with our trademark low fareshas stimulated travel and tourism,” remarkedCandice Iyog, CEB vice president for marketingand distribution.Investments, however, declined in 2009 to P314 billionfollowing the global financial crisis.Cebu Pacific Leads in Passenger VolumeAmong Local Airlines in First 6 MonthsSeptember 29, 2010, 4:52pmMANILA, Philippines – Cebu Pacific (CEB) ranked firstamong the country’s airlines in carrying the most numberof passengers for its combined domestic and internationaloperations in the first half of the year.Based on the Philippines Civil Aviation Board’s officialreport covering the period of January to June 2010,CEB flew 5,096,887 passengers for combined domesticand international traffic, 214,416 passengers morethan Philippine Airlines (PAL).PAL carried 4,882,471 passengers; Air Philippines Expressflew 667,686; Zest Air, formerly known as AsianSpirit had 623,529 passengers; and Seair flew 132,638.Cebu Pacific Air still RP's largest national flag carrier“It also enabled affordable and accessible businesstravel opportunities for many small andmedium enterprises.This is proof of our commitment to nationbuildingin making the Philippines a vibrant investmentand tourism destination.”

PAGE 9National NewsGGLC NEWSLETTER EXPRESSMore, “We expect to boost our combined domesticand international traffic in the last quarter of theyear as we take delivery of three brand-new AirbusA320 aircraft,” she added. “These aircraft will beused to mount additional flights to Kota Kinabalu,Taipei, Kuala Lumpur, Jakarta and Seoul (Incheon).The airline currently offers the most number offlights, routes, and destinations from the Philippinesto ASEAN region.Domingo said he has already asked UndersecretaryCristino L. Panlilio to visit the Middle East andEurope to encourage these businessmen to cometo the Philippines.Data from the BOI showed that from January toJuly this year, investments gathered by the BOIstood at P171.8 billion. This was 297 percenthigher than the P43.226 billion worth of investmentsobtained during the same period in 2009.CEB operates the youngest aircraft fleet in the countrywith 10 Airbus A319, 11 Airbus A320 and 8 ATR72-500 aircraft and will take delivery of three brandnew A320 aircraft in the last quarter of 2010. It operatesthe most extensive network in the country with33 domestic and 16 international destinations.DTI sees investments reaching P400 billionThe Philippine StarSeptember 02, 2010MANILA, Philippines – The Department of Trade andIndustry (DTI) expects investments to hit more thanP400 billion this year, surpassing the P345-billionyearend target of the government.“We may surpass the P400-billion investments forthis year,” Trade Secretary Gregory L. Domingo saidin a press conference yesterday afternoon.“The investors are upbeat,” Domingo said. Combinedinvestments for the two attached agencies ofthe DTI – the Board of Investments (BOI) and thePhilippine Economic Zone Authority (PEZA)amounted to P240.41 billion for the first sevenmonths of the year.“The Philippines is not in the radar of foreign businessmen.We have to raise consciousness in orderfor them to visit our country,” Domingo said.Investors upgrading major toll roadsMeanwhile, PEZA Director General Lillia B. de Limasaid that investments for January to July stood atP68.61 billion from the P43.550 billion a year ago.De Lima noted most of the investments were forexpansions but there were also new investmentsespecially in the semiconductor and tourism industry.

PAGE 10Regional NewsSubic Freeport to host ATOP confabSep 03, 2010Punto Central LuzonSUBIC BAY FREEPORT — Key players in the domestictourism industry will congregate in this free port nextmonth for the 11th national convention of the Associationof Tourism Officers in the Philippines (ATOP), anevent that will showcase the country’s gains in localtourism.Subic Bay Metropolitan Authority (SBMA) administratorArmand Arreza said the ATOP convention will beheld on October 3-6 at the Subic Bay Exhibition andConvention Center (SBECC), with Tourism SecretaryAlberto Lim as guest speaker.“We expect to see in Subic the best of the best in domestictourism, since this occasion will involve themen and women who are really the driving force in theindustry,” said Arreza, who once served as undersecretaryin the Department of Tourism (DOT).“Of course, this will also be a good time for the SBMAto showcase the successful metamorphosis of Subicfrom a US naval base to the country’s top free portzone and tourism enclave,” Arreza added.The SBMA made its bid to host the coming eventduring the 10th ATOP convention in GeneralSantos City.SBMA deputy administrator for business RaulMarcelo, who made the bid, said that threeother contenders wanted to host the 11th ATOPconfab —Tagaytay, Camarines Sur, and BatangasCity — but Subic was chosen as this year’svenue.According to ATOP national president RoselynArmida Merlin, the ATOP convention will gathersome 1,000 tourism officers, local chief executives,regional DOT executives and barangay officials.With the theme, “Strengthening Domestic Tourism”,the event will also serve as a venue to recognizethe best tourism practices of local governmentunits, with awards to be given for BestTourism Event, Best Tourism Week Celebration,and Most Outstanding Tourism Officers to encourageexcellence in promoting the culture oftourism in the grassroots.The convention will also feature lectures in promotingdomestic tourist spots to make themglobally- competitive, as well as inputs onthe Tourism Act of 2009 and its ImplementingRules and Guidelines to maximize the impactof the tourism industry in being a majorengine of economic growth.Merlin said the DOT has committed its financialsupport to the gathering, as well as its continuingpartnership with the LGUs in strengtheningthe domestic tourism industry.A young girl enjoys playing with a dolphin at Ocean Adventure inSubic.ATOP, the national group of local tourism officers,was formed in 2000 to promote sustainabletourism programs in the community in collaborationwith the private sector.

PAGE 11Regional NewsGGLC NEWSLETTER EXPRESSIt also aims to support to tourism-related activitiesand provide linkages with the DOT, local governmentunits and stakeholders in the industry.Arreza said the ATOP convention would not onlyboost Subic as a top tourism destination, but wouldalso strengthen the local tourism industry by impartingvaluable marketing strategies to tourism stakeholdersand tourism-related establishments in theSubic Bay area.Hanjin manpower to reach 22,000 thisyearCentral Luzon DailySUBIC BAY FREEPORT — The benefits of local employmentwill be felt more this year at the Koreanshipbuilding facility in this free port, as Hanjin HeavyIndustries Corp.-Philippines (HHIC-Phil) is expectedto increase its workforce to 22,000 from the current16,600.Hanjin has contracted the construction of 20 morevessels worth about $1.2 billion in the first half ofthis year,” Yoo informed Zambales Gov. HermogenesEbdane Jr. in a recent briefing at Hanjin’sheadquarters here.Because of this, the Hanjin official said, the firm’sorder book has increased to a total of 56 vesselsworth about $4.9 billion. Consequently, the neworders would increase Hanjin’s manpower requirementsfrom 16,000 in 2008 to 22,000 by the end of2010, and up to 24,000 in 2011 and 25,000 in2012, Yoo also told Ebdane.According to Subic Bay Metropolitan Authority(SBMA) administrator Armand Arreza, Hanjin hasremained Subic’s top exporter since last year byposting freight on board (FOB) value totaling$372.74 million in the first half of this year.“We expect Hanjin to remain as the Subic freeport's top exporter for the next few years, and tofuel the growth of Subic’s maritime industry,” hesaid earlier in a statement.Arreza also said that the SBMA expects Subic’s exportFOB value to grow in the coming months, asHanjin and other free port enterprises roll outmore products due to brightening prospects inglobal trade.For his part, Ebdane said the increasing job generationat the Hanjin shipyard “augurs well for thedevelopment of the Zambales province, and tolocal efforts to strengthen the economic empowermentof Zambaleños.”Hanjin, consistent top exporter in SBMA since last yearAccording to Taek Kyun Yoo, general manager forexternal business of HHIC-Phil, the Korean shipbuildinggiant will create more jobs at its Redondo Peninsulashipyard after signing in more new building projectsin the first half of 2010.Expressing thanks to Hanjin, as well as to theSBMA, for providing more local employment opportunities,Ebdane said the provincial government“would help out in the selection of qualifiedshipyard workers” through its Public EmploymentServices Office.

PAGE 12Regional News“We will be your partner in this effort, as you and theSBMA will be ours in making Zambales more progressive,”Ebdane added.Yoo also said that since 2007, Hanjin has helped trainsome 22,000 workers at its skills training center in theSubic Bay Freeport. The trained workers includedwelders, painters, pipe fitters, electricians, machinists,and outfitters, who were mostly hired later at the Hanjinshipyard.He added that the Korean shipbuilder, which has investeda total of $1.9 billion in its Subic shipyard, hadso far manufactured 14 vessels worth $850 millionsince 2008 when it delivered its first vessel, the MVArgolikos, to a Greek shipping company.With the new orders, Yoo said that Hanjin would sellabout $700 million worth of vessels this year, $935million in 2011, and $1.28 billion in 2012.CDC Prexy issues virtual valedictory‘P6.3-B actual investments’Sep 08, 2010Punto Central LuzonCLARK FREEPORT – Achieved: P6.3-billion in“actual investments”, an “all-time high” employmentof 58,777, and exports of about $900-million yearly. Anticipating his possible replacementby the Aquino administration, Clark DevelopmentCorp. president and chief executive officerBenigno Ricafort listed these as among histop accomplishments under the eight-pointagenda he established when he took over hispost in August, 2008.The investments, employment and exports performancewas classified in his virtual valedictoryreport as “achieved”. The state-owned CDC runssome 2,500 hectares of this freeport, with another2,500 hectares – devoted mostly to anaviation complex accommodating the DiosdadoMacapagal International Airport (DMIA) – beingunder the Clark International Airport Corp.(CIAC).Some sectors have batted for the retention ofRicafort, an appointee of former Pres. Arroyo,but members of the business community in CentralLuzon said they expected Pres. Aquino toappoint somebody from his Tarlac home provinceto replace him.Officials of Hanjin Heavy Industries Corp.-Philippines posewith officials of Kaptanoglu Shipping Line, owner of the M/TLeyla K at the Hanijn shipyard in the Subic Bay Freeport. The114,000-ton ship was the first oil tanker built by Hanjin inSubic.Among those reportedly being considered is retiredinternational banker Benito Gonzalez whoearlier junked the post as president of the DevelopmentBank of the Philippines.These prospects, Arreza noted, would boost not onlylocal employment but also the shipbuilding skills ofFreeport workers. "This in turn would increase the attractivenessand competitiveness of the Freeport as aninvestment destination with a readily available pool ofhighly skilled manpower,” he added.

PAGE 13Regional NewsGGLC NEWSLETTER EXPRESSIn his report titled “Expanding Development, ChangingLives”, Ricafort also cited infrastructure projectsworth P873.7 million either completed or bided outfor construction, the signing of a “financial advisoryservices agreement” on bulk water study to copewith the future demand for water in Clark, the approvalof Clark-Subic “telecom connectivity”, and aagreement for the establishment of solar and renewableenergy projects.Ricafort noted that “Clark remains a major contributorto the region’s economic figures this year.” Henoted that Clark’s exports worth $890.9-million“comprise 33 percent of Central Luzon’s $2.7 billionexports since 2009.”“The record 58,777 employment by the end of 2009complemented the entire region’s 3.8 million partialcount of employment for the year,” he also noted.Ricafort also noted that the P6.3-billion in actual investmentsnow at Clark “is an impressive 19 percentof the region’s investment figure of P33.8-billion.”Ricafort has also been credited for institutionalizingthe CDC Awards for Most Outstanding Locatorsto encourage performance as well as betterawareness of and adherence to labor and environmentallaws.His report also listed other accomplishments underhis other seven of eight-point agenda, includingparticipative management concept, paralleldevelopment program (with surrounding communities),pro-active coordination with the CIAC,Clark-Subic synergy, tourism development,strengthening of “after sales” support services toinvestors and corporate social responsibility (CSR).Ricafort said CDC was able to pursue CSR with theKapampangan Development Foundation (KDF)whose chairman is business tycoon Manuel Pangilinan.Ricafort is the president of the foundation whichcontinues to undertake health, education, andlivelihood projects in Pampanga.In its report, KDF said it has already provided eitherprosthesis or artificial legs or wheelchairs to397 beneficiaries, surgeries for 423 harelip andcleft palate victims and more surgeries for 615cataract and pterygium victims in Pampanga in thelast two years.COURTESY CALL. Clark Development Corporation (CDC) PresidentBenigno N. Ricafort (right) and Lotte Duty Free President YoungSoo Choi shake handsHe said that despite the global economic slowdown,“the CDC has proven its resiliency and competitivenessin its decision to redefine its goals, build-upmore productive areas of collaboration with itsstakeholders, develop more efficient processes andenhance internal capability.”More Flights from Jakarta, BangkokComing to DMIASeptember 10, 2010, 5:47pmManila BulletinCLARK FREEPORT, Pampanga – More flights areplanned by Air Asia between Clark via Jakarta andBangkok in a bid to expand operations at the DiosdadoMacapagal International Airport (DMIA)here.

PAGE 14Global Gateway NewsAsia Chief Executive Officer Tony Fernandes said herethat Air Asia is studying plans to expand further theiroperations at DMIA in a bid to attract more tourists inthe area as part of their program to attract visitors inthe Philippines.Air Asia teams from Jakarta and Bangkok recently arrivedat DMIA to look into opportunities to look intomore flights via Air Asia via Clark-Jakarta and Bangkokin a bid to further boost the tourism industry especiallyin Clark, Fernandes said.Clark International Airport Corporation (CIAC) Presidentand CEO Victor Jose I. Luciano also said that AirAsia Berhad has been a supporter and CIAC’s partnerfor the development of DMIA since 2005.Luciano said that Air Asia is one of the leading budgetair carriers in Malaysia which has daily flights via Clark-Kuala Lumpur and Kotakinabalu with an average of 14flights per week.Luciano met with Fernandes at DMIA last week wherehe attended a stockholders meeting in Manila.Other carriers flying out of Clark are Tiger Airwaysof Singapore via Clark-Singapore, AsianaAirlines via Clark-Incheon in South Korea withconnecting flights to the US, Japan and China,Cebu Pacific Air via Clark-Hong Kong, Singapore,Macau and Bangkok. Cebu Pacific also flies domesticvia Clark-Cebu.South East Asian Airlines (Seair) via Clark-Caticlan, Spirit of Manila Airlines via Clark-Taiwan and Pacific Filer with chartered flights viaClark-Palau. (Fred Roxas)Group bats for restoration of ClarkVeterans CemeteryCentral Luzon DailySeptember 3, 2010Fernandes also said that he is supporting “Open Skies”for DMIA to open up more opportunities for Filipinosto fly in Clark as well as to attract more tourists to visitMalaysia and the Philippines.“For me, the Philippines has the largest potential fortourism in the Southeast Asia and Air Asia is committedto support the programs for tourism,” Fernandessaid. Fernandes at the same time was impressed bythe developments at DMIA especially the newly builtDMIA Expanded Terminal.“I am really impressed by what I have seen at DMIAand Mr. Luciano have really done a good job.”He said Air Asia prefers to fly at DMIA because it hasreasonable parking rates and other fees.“DMIA is an ideal place for a low cost terminal and weat Air Asia would love to fly here,” he added.Clark Veterans Cemetery at Clark, PampangaCLARK FREEPORT --- A group is batting for therestoration of the Clark Veterans Cemetery,which has been overlooked when the former USAir Force base at Clark was transferred back tothe Philippine Government.The cemetery, presently administered and caredfor by the local Veterans of Foreign Wars Post2485 through their individual voluntary effortsand donations they collect, receives no federalfunding and is not maintained to the standardsbefitting veterans who served and sacrificed fortheir countries.

PAGE 15Global Gateway NewsGGLC NEWSLETTER EXPRESSThe Clark Veterans Cemetery Restoration Associationis lobbying for the successful transition of thecemetery from management and control by the volunteersof VFW Post 2485 to its proper and full administrationand support, under the auspices of anagency of the US Government.The main mission of this campaign is to give honorto the Veterans, both American and Filipino, who areinterred in the Clark Veterans Cemetery by lobbyingon their behalf to achieve national recognition andfederal support.Mr. Dennis L. Wright with the veterans and BoozefightersbikersAnd also, its vision is to witness the successful transitionof the forgotten Clark Veterans Cemetery to itsproper administration and support by the NationalCemetery Administration, American Battle MonumentsCommission or other agency of the U.S. Government.In this light, the Global Gateway Logistics City andPeregrine Development International will sponsor onSeptember 11, Saturday, the Boozefighters MC 2Annual Cabanatuan Great Raid Memorial Run at 8:00am. The said event is aimed at supporting the restorationof the Clark Veterans Cemetery.Peregrine President Mr. Dennis L. Wright lead the restorationof Clark Veterans CemeteryBoozefighters MC 2 Bikers at POW Cabanatuan, Nueva EcijaIn this photo: Boozefighters MC 2 bikers togetherwith veterans and Mr. Dennis L. Wright (center)during a wreath-laying ceremony last September11, 2010 at Clark Veterans Cemetery, Clarkfield,PampangaMonument listings of POW war veterans

PAGE 16Global Gateway NewsRed Planet Hotels to invest in citySun Star PampangaSeptember 25, 2010He also urged foreign businessmen to invitetheir friends to invest in the city. Red Planet Hotelsis an international and regional hotel investmentcompany focused on Asia's emerging markets.In this photo: From left Mr. Frankie Villanueva (MACCII), Mr. MarcoNepomuceno (MACCII), Mr. Simon Morley (Holiday Inn), MayorEdgardo Pamintuan (Angeles City), Mr. Tim Hansing (CEO, RedPlanet Hotels), Mr. John Seymour (NT Realty) and Mr. Dennis L.Wright (Peregrine President)ANGELES CITY -- The Red Planet Hotels Limited (RPHL)has announced it will construct a 12-storey buildingamounting to P270 million.Officials of the RPHL revealed their plan to invest inthe city during a dinner reception at the newlyfurbishedMuseo ning Angeles on Thursday.Mayor Edgardo Pamintuan led other city officials inwelcoming the RPHL officers. RPHL Chief ExecutiveOfficer Timothy Hansing said the construction of thebuilding, located at the tourist belt in Barangay Balibago,has already started and is expected to be finishednext year.Pamintuan thanked the foreign group for investing inthe city and also bragged about the dedication of localgovernment to make the city a progressive place.Red Planet’s parent company, Evolution Capital PLC, signeda franchise agreement with Air Asia’s Tune Hotels coveringThailand, Bangladesh, Philippines, Indonesia and China inDecember last year. It estimated at the time that it wouldset up 44 budget hotels across Asia and invest US$200 millionin the project. (TTR Weekly)Among the countries it is investing in are China,Bangladesh, Indonesia, Thailand and the Philippines.It is also putting up buildings in Makati and Ermita.The constructions will be done simultaneously.Hansing said he has a feeling that "we arestarting a new little journey."

PAGE 18Global Gateway NewsGGLC NEWSLETTER EXPRESSPhotosMr. Dennis L. Wright with Sen. Edgardo Angara Dinner meeting with Sen. Angara held last Aug. 26, 2010Fistorama Boxing FightHotel Euroasia Fistorama BoxingMr. Dennis Wright with Mayor Ed Pamintuan and RedPlanet CEO Tim Hansing, John Seymour and Vice-MayorVicky Vega-Cabigting on Red Planet dinner meetingRed Planet dinner meeting at Museo ning Angeles

ReferencesDTI sees investments reaching P400 billionhttp://www.philstar.com/Article.aspx?articleId=608146&publicationSubCategoryId=66Group bats for restoration of Clark Veterans Cemeteryhttp://www.centralluzondaily.com/index.php?action=article&n_id=7790New airports, LRT lines set in 2011http://business.inquirer.net/money/topstories/view/20100903-290360/New-airports-LRTlines-set-in-2011Subic Freeport to host ATOP confabhttp://punto.com.ph/News/Article/9034/Volume-3-No-45/Headlines/Subic-Freeport-to-host-ATOP-confabHanjin manpower to reach 22,000 this yearhttp://www.centralluzondaily.com/index.php?action=article&n_id=7757CDC PREXY ISSUES VIRTUAL VALEDICTORYhttp://punto.com.ph/News/Article/9073/Volume-3-No-47/Business/U-CDC-PREXY-ISSUES-VIRTUAL-VALEDICTORY--U-br-%E2%80%98P6-3-B-actual-investments%E2%80%99More Flights from Jakarta, Bangkok Coming to DMIAhttp://www.mb.com.ph/articles/276488/more-flights-jakarta-bangkok-coming-dmiaClark Electric allots P170 million for new projectshttp://www.philstar.com/Article.aspx?articleId=612294&publicationSubCategoryId=66Red Planet Hotels to invest in cityhttp://www.sunstar.com.ph/pampanga/business/red-planet-hotels-invest-cityAsean 5 seen to post robust gains in 2010http://business.inquirer.net/money/topstories/view/20100929-295043/Asean-5-seen-to-post-robust-gains-in-2010