Tag: Clark

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BCDA says Pax Silica Clark hub will follow Philippine laws

The Bases Conversion and Development Authority (BCDA) said the proposed advanced manufacturing park in New Clark City under the Pax Silica initiative will operate within Philippine law and be developed as a purely commercial project, with no defense-related activities.

President Marcos opens Clark children’s hospital boosting regional healthcare

President Ferdinand R. Marcos Jr. on Friday inaugurated the DOH-JBL Children's Medical Center in Clark, marking the completion of the first specialty hospital under the Clark Multi-Specialty Medical Center (CMSMC) and advancing the government's push to decentralize specialized healthcare services.

Clark’s $3.8B chip exports spur push for faster reforms

Semiconductor and electronics exports from Clark climbed to USD3.8 billion in 2025, underscoring the Freeport's growing role in global technology supply chains as the Clark Development Corp. (CDC) moves to address operational bottlenecks that could shape the industry's next phase of expansion.

DHL eyes Clark growth as Luzon Corridor gains

DHL Group is keeping a close watch on Clark's emergence as a logistics and investment hub, signaling interest in future expansion opportunities while stopping short of committing to a new gateway facility as the government's Luzon Economic Corridor strategy gathers momentum.

VOYA expands Philippine footprint, creates 600 jobs

VOYA Philippines Support Services Corp., the local unit of US-headquartered financial services firm Voya Financial, is expanding its footprint in the country’s IT-BPM sector following the formal signing of its Registration Agreement (RA) with the Philippine Economic Zone Authority (PEZA) on May 21.

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Asian Terminals secures 25-year Manila South Harbor concession renewal through 2063

Asian Terminals Inc. (ATI) has secured a 25-year extension of its contract to run and develop Manila South Harbor, keeping its role as operator of one of the country’s most important gateways until 2063.

Pag-IBIG socialized housing loans jump 175%, 20,000 homes offered in Davao

Pag-IBIG Fund more than doubled its financing for socialized housing in the first 10 months of 2026, extending homeownership opportunities to low-income families as it brings more than 20,000 housing units to a two-day fair in 4PHDavao City.

GSIS net income rises 14% to P123B in 9M 2026

The Government Service Insurance System (GSIS) posted a net income of P123 billion in the first nine months of 2026, up 14 percent from P108 billion in the same period last year, putting the state pension fund on firmer ground to expand services and finance renewable energy programs for its members.

BSP keeps 3% credit card interest cap, raises installment and cash advance fee limits 

The Bangko Sentral ng Pilipinas (BSP) has maintained the 3.0-percent monthly ceiling on finance charges for unpaid credit card balances while raising the limits on installment add-on rates and cash advance processing fees.

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