The Clark Freeport remains one of the premier investment hubs in the country as Clark Development Corp. cited an all-time high economic performance in the past three consecutive years under the Duterte administration.
CDC president and chief executive officer Noel Manankil said economic indicators at the Freeport registered record-breaking levels in a span of three years since CDC’S inception in 1993.
Total revenues of CDC peaked to P6.08 billion, or 29 percent of the total in its 25 years of existence.
Significant growth was also posted in the net income of CDC at P3.17 billion, or 51-percent of the entire profit of the state-owned firm from 1993 to 2018. This exceeded the combined earnings of CDC in the past 22 years (1993 to 2015) of P3.01 billion.
With the upturn of investments in Clark, CDC is expected to have a 58-percent growth in net income in the next five years (2020-2024).
Some of the top revenue contributors include Widus International Leisure Inc., Filinvest Mimosa Inc., Eight Integrated Development Corp., Eaglesky Technology and Amusement Corp., Yokohama Tire Philippines Inc., L&T International Inc., Premier Central, Inc. and Puregold Duty-Free Inc.
