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PHILIPPINES' EARNS US$1.99 BLN FROM 33 PROJECTS IN CLARK ECO ZONE.

AsiaPulse News

| September 02, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CLARK SPECIAL ECONOMIC ZONE, Sept 2 Asia Pulse - The government has generated additional revenues of P101.6 billion (US$1.99 billion) from 33 new investment projects in this special economic zone during the first half of the year.

The Presidential Commission on the Central Luzon Growth Corridor (PCCLGC) declared that the total of investment projects here has now reached 301, with a combined cumulative investments of P174.5 billion and total committed employment of 67,013 within five years.

The 33 new investment projects alone are expected to create 2,282 new jobs in the next five years, PCCLGC stated.

Clark Development Corp. president Emmanuel Angeles, reported to the PCCLGC that Clark-registered enterprises were able to generate a combined export of US$141 ...

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