Investors eager to enter Central Luzon- BCDA President

  • April 16, 2017
  • Jean Ricelle A. Aquino

CLARK FREEPORT ZONE, April 16 (PIA) -- Many investors are excited to enter the zone of Central Luzon because it is the fastest growing region in the country, next to Region 11.

 

“At present, Region 3 is growing at 9 percent, which is 2 percent above the national average Gross Domestic Product (GDP) growth that is 7 percent,” Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Vivencio Dizon disclosed during the recent third leg of the Clark Development Stakeholders’ Roadshow.

 

“These investors coming from Japan, China and even the European Union, are very enthusiastic in coming to these areas because they see that the government is ready to allot funding for the various interconnectivity infrastructure, which are needed by the business folk for their investments to flourish,” explained Dizon.

 

Furthermore, the BCDA Chief disclosed that the administration of President Rodrigo Duterte, in its first budget, has allocated roughly Php800 billion for infrastructure, which is double the average funding allocated by the past administrations.

 

For the longest time, Dizon admitted that the Philippine government has taken for granted the crucial role of infrastructure in the country’s development.

 

“Our neighbor countries here in Asia such as Singapore, Hong Kong, Malaysia, Indonesia and even Vietnam have left us behind in terms of infrastructure. This is exactly why President Rodrigo Duterte has been consistently pressing us [BCDA] on the Build Build Build Infrastructure program initiated by his administration,” he said.

 

He added that business folks invest where they can see infrastructure being put up now and in the near future.

 

“The more the infrastructures, the faster the GDP growth of the region, and growth means jobs, investments, technology and innovation,” Dizon stressed. (CLJD/JRAA-PIA 3)


Other News

La Union prides itself on being PGS Compliant, Silver Trailblazer awardee  
  • June 27, 2017
SAN FERNANDO CITY, June 27 (PIA) – After months of implementation, the Provincial Government of La Union (PGLU) received the governance medallion for its Performance Governance System (PGS) Compliance Stage and the Silver Trailblazer Award during the Public Revalida conducted by the Institute for Solidarity in Asia (ISA) on June 21.   The adoption of the PGS fostered transformation and instilled positive change in the province and facilitated the translation of the province’s governance charter to actionable strategies and commitments leading to breakthrough results.   Geared...Read more
DepEd, partners conduct Psychological First Aid for displaced Marawi teachers, personnel
  • June 26, 2017
CAGAYAN DE ORO CITY, June 26 – A total of 44 public school teachers and personnel form Marawi City were among the first to receive Psychological First Aid (PFA) conducted by the Department of Education (DepEd) and its partners from June 20 - 22, 2017 at the National Educators Academy of the Philippines (NEAP) Region 10 in Cagayan de Oro City. Reaffirming Education Secretary Leonor Magtolis Briones’s commitment to help and assist all affected learners, teachers and other DepEd personnel in re-establishing a sense of normalcy, DepEd Disaster Risk Reduction and Management Service (DRRMS) D...Read more
Report establishments that refuse to give Senior Citizen privileges-Angeles
  • June 26, 2017
TARLAC CITY, June 26 (PIA) -- Mayor Cristy Angeles encouraged the elderly to report establishments that refuse to give Senior Citizen privileges.   In her speech during the recently concluded Federation of Senior Citizens Association of the Philippines Leadership and Records Management Training and Seminar, Angeles reiterated that the city government strictly implements the privileges and benefits for the senior citizens as mandated by Republic Act 9994 or the Expanded Senior Citizens Act of 2010.   “According to RA 9994, senior citizens shall be entitled to 20% discount and ex...Read more
Feature: Burned public school regains strength
  • June 26, 2017
CURRIMAO, Ilocos Norte, June 26 (PIA) – Faces of grief and hopelessness dominate after Currimao National High School (CNHS) burned into ashes, leaving the school with a ruined administration building, damaged equipment and facilities, and disappeared school records that teachers and officials took years to complete.   It was in December 2016 when a huge fire destroyed the school community that was established in a little village in Currimao, Ilocos Norte, no less than five minutes from the town’s municipal hall.   CNHS had lost an estimated damage of P2.7 million in their sch...Read more