Tuesday - February 7, 2012 6:44 PM
Today's Punto
ADVERTISEMENT
Business
DESPITE GLOBAL FINANCIAL INSTABILITY
Clark confident exports to breach $1-billion mark
Clark confident exports to breach $1-billion mark
By Ding Cervantes
Jul 19, 2010
CLARK FREEPORT— Even the onslaught of global financial instability and the unstable prices of fuel, authorities in this freeport see exports here breaching the $1-billion mark this year as this semester’s exports have already hit $747 million.
The Clark Development Corporation (CDC) cited a report from its Enterprise Regulatory Department (ERD) on this, it noted that the $747-million worth of exports has far surpassed the $387-million in last year’s first quarter.
ERD Manager Rod Deang reported to CDC president Benigno Ricafort that the CDC’s target of $1 billion exports for 2010 is likely to be met this year.
“The increase in exports volume this year was due to Nanox Philippines, Inc. strong showing with $493 million in the first semester or an increase of 59 percent from the same January to June 2009,” Deang said.
He noted that Yokohama Tire Phils., Inc. “ also contributed strongly in the first semester as it placed second with $106 million output which is almost the same export volume last year.”
Deang said the electronics sector posted the highest exports at $522 million or 70 percent, followed by tires at $106 million or 14 percent, garments at $73 million at 10 percent of the total export volume during the first semester.
“Other notable exporters in the first semester are L&T International Group Philippines, Inc.; L&K Industries Philippines, Inc.; SMK Electronics Corporation,” he added.
He noted that “the export industry in Clark has recently been noted by the Department of Trade and Industry to be one of the prime economic boosters in Central Luzon following a strong exports last year.
The Central Luzon region usually ranks third among the country’s 16 regions in terms of export receipts, as the region hosts several economic zones in Bataan, Subic, Pampanga and Tarlac provinces.
The Clark Development Corporation (CDC) cited a report from its Enterprise Regulatory Department (ERD) on this, it noted that the $747-million worth of exports has far surpassed the $387-million in last year’s first quarter.
ERD Manager Rod Deang reported to CDC president Benigno Ricafort that the CDC’s target of $1 billion exports for 2010 is likely to be met this year.
“The increase in exports volume this year was due to Nanox Philippines, Inc. strong showing with $493 million in the first semester or an increase of 59 percent from the same January to June 2009,” Deang said.
He noted that Yokohama Tire Phils., Inc. “ also contributed strongly in the first semester as it placed second with $106 million output which is almost the same export volume last year.”
Deang said the electronics sector posted the highest exports at $522 million or 70 percent, followed by tires at $106 million or 14 percent, garments at $73 million at 10 percent of the total export volume during the first semester.
“Other notable exporters in the first semester are L&T International Group Philippines, Inc.; L&K Industries Philippines, Inc.; SMK Electronics Corporation,” he added.
He noted that “the export industry in Clark has recently been noted by the Department of Trade and Industry to be one of the prime economic boosters in Central Luzon following a strong exports last year.
The Central Luzon region usually ranks third among the country’s 16 regions in terms of export receipts, as the region hosts several economic zones in Bataan, Subic, Pampanga and Tarlac provinces.
- Cebu Pacific to launch budget long-haul flights in Q3 2013
- CEB offers more chances to book Siem Reap, all domestic flights as low as P88
Domestic flights for travel from April 1 to 15 - P888 seat sale
CEB launches direct flights to Siem Reap, Cambodia - US firm is top exporter
Clark exports soar to record $3.9B in 2011 - CEB offers PHP 1 seat sale to all international, domestic destinations
Uses new DOT campaign #1 for Fun as inspiration - Balanga gets P5.95-B investments in 2011
- MNTC gugugol ng P2-B sa pagsasaayos sa mga expressway
- 168 Tutuban retail store to rise in Mabalacat
- SM to invest P.5-B in BPO offices, retail stores at Clark
- SBMA fast-tracks accreditation of Ayala mall merchants
- Mansfield Residences features new model units
- Davao City to hold sports tourism forum
ADVERTISEMENT
