Tag: Clark Freeport

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Clark nets P6.83B, eyes global spotlight

Clark Development Corp. (CDC) generated P6.83 billion in revenues and P3.81 billion in net income in 2025, underscoring the sustained growth of the Clark Freeport as one of the country’s premier economic hubs.

Clark Freeport courts global game development talent

The Clark Development Corporation is stepping up efforts to position Clark Freeport as an emerging hub for global game development, leveraging its expanding information and communications technology (ICT) ecosystem, streamlined business processes, and creative-friendly environment.

Clark manufacturers compete to hire laid-off garments workers

Following the closure of Charter Link Clark, Inc., nearly 500 garment workers in the Clark Freeport Zone are finding new opportunities as rival manufacturers step in to fill the gap.

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FAA grounds US flights over nationwide communications failure

The Federal Aviation Administration (FAA) halted commercial flights nationwide Friday (early Saturday in Manila) after a communications failure crippled all 22 regional air traffic control centers, although it remained unclear whether the disruption was connected to an outage affecting some Microsoft services.

Philippines flirts with stagflation as growth stalls, prices surge

The Philippine economy is beginning to resemble a car running low on fuel while its engine overheats. Growth is sputtering, prices are soaring, jobs are getting harder to find, and agriculture—a major source of food and rural livelihoods—is contracting

ASEAN digital push puts MSMEs at heart of regional growth

Southeast Asia’s small businesses need stronger digital capabilities and better access to regional markets to tap more than 680 million consumers and help ASEAN achieve its ambition of becoming the world’s fourth-largest economy, ASEAN Foundation executive director Dr. Piti Srisangnam said.

SMX Seaside Cebu opens with two major trade exhibitions

SM Hotels and Conventions Corp. (SMHCC) will inaugurate SMX Convention Center Seaside Cebu on November 26–28, 2026, with two major trade exhibitions that will add 21,000 square meters of leasable event space to Cebu’s growing meetings, incentives, conventions and exhibitions (MICE) industry.

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