DEAR readers, I hope you will agree with me if I take cognizance of the good practices of companies which produce superb results or accomplishments. One such company is the state-run Clark Development Corporation, headed by a no-nonsense executive, Atty. Arthur P. Tugade, the president of the corporation.
According to published reports, CDC has achieved its highest revenues ever of P1.554 billion, net income of P697 million and highest cash position of P2.33 billion for 2015. This, after remitting cash dividends to the national government of P720 million for the years 2013-2015. Its net income for 2014, by the way, was P554 million.
President Tugade thus attributed the huge success to "the collaborative efforts exerted by employees and the support of the members of the corporation's board of directors whose acts paved the way for the developments in Clark in terms of employment, technology and for a greener environment. Reportedly, employment has reached 82,382 jobs in 2015 and more individuals are given the opportunity to work inside Clark.
I hope the growth of CDC would be sustained in the coming years. It will benefit the communities adjacent to it, as what is happening to Mabalacat City and, by extension, to Porac and Bamban in Tarlac.
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Mabalacat City Mayor Marino "Boking" Morales never stops to follow up on the growth roadmap of barangays.
Duquit is supposed to benefit from the spillover of business investment potentials of Dau as investors look up to expand eastward to Duquit. Supplemented by the NLEX infrastructure, Duquit, chaired by the mayor's
daughter, Marjorie Grace Morales Sambo, welcomes investors the likes of Horizon Coating. It can also host manufacturing plants because of its land area.
Mayor Boking is mulling developments on the north/eastern part of the city. He revealed plans to develop the potentials of Mawaque Maragul and Malati to complement growth of business at the Mawaque Resettlement Center, on to Barangay Sta. Maria, the erstwhile bucolic barangay.
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LGUs' share in P1 billion from Fire Code fees. Senator Ralph G. Recto is batting for the release of P1 billion by the National Government to the local government units as their shares from Fire Code fees collected from 2010 to 2014.
This will be a welcome development f