Filipino companies dominate 2010 projects in Subic
March 3, 2011
SUBIC Bay Freeport — Filipino-owned companies edge out foreign direct investments in Subic Bay Freeport as it chip in 57 percent of the total 155 newly approved project in 2010.
Out of the 115 newly approved projects, 66 of these were local firms, while foreign firm recorded 49 or 43 percent.
SBMA Administrator Armand Arreza said that seven projects wholly-owned by Filipinos and one in partnership with a foreign investor made it to the 10 biggest investment projects in 2010.
These are the Subic Bay Town Center Inc., which landed at the third spot with its investment pledge of $36.42 million; the Jordanian-Filipino joint venture Vapco International Corp., with $15 million at number 4; Sands of Triboa Resorts, at number 5 with $14.37 million; Subic Bay Brands & Lifestyle Retails Concept Inc., number 6 with $5.94 million; Fertuna Holdings Corp., number 7 with $5.35 million; Holy Land Subic Foundation Inc., at number 8 with $5.33 million; Udenna Management & Resources Corp., number 9 with $3.22 million; and San Bernardino Shores Beach Resort Corp., at number 10 with $2.21 million.
Other than the Filipino-owned projects, only three foreign direct investments (FDIs) made it to Subic’s top 10 investments in 2010. These are MCastle Philippines, a Korean firm that ranked number 1 with its pledge of $1 billion for a resort project; Sunnew-Subic Investments Ltd., a Chinese company with $75 million for alternative energy projects, at number 2; and Alubat Aviation Composites, a German-British combine that pledged $15 million, also at the number four slot.
Arreza also said that Filipino companies maintained the second slot among the biggest investors in Subic, putting up a total of $57 million in 2006, $335 million in 2007, $21.2 million in 2008 – the start of the global financial crisis, $108.8 million in 2009, and finally $98.5 million in 2010.
On the other hand, Korean firms invested in Subic a total of $1.4 billion in 2006, $993 million in 2007, $201.8 million in 2008, $55 million in 2009, and $1 billion in 2010.(Anthony Bayarong)
Source: http://www.sunstar.com.ph/pampanga/local-news/2011/03/02/filipino-companies-dominate-2010-projects-subic-142665
Recent opinion survey of frequent travelers heading north towards Subic and Clark Pampanga revealed that the number one most frequently visited fine dining restaurant in Pampanga is Yats Restaurant & Wine Bar located in Clark Philippines.
Hong Kong-based Yats International built this restaurant in 2000 to provide a world-class cozy fine dining restaurant, as well as business meeting facilities and venues for private dinners and social functions in Philippines Pampanga Angeles City Clark Freeport Zone. North Luzon Pampanga Angeles City Clark Philippines was selected for this restaurant because of safety, clean air, absence of traffic and proximity to Manila and Subic. Clark Freeport is located near Manila and Subic. Diners from Manila and Subic can travel north along North Expressway and arrive in Clark in about 70 minutes without having to go through city driving, making this fine dining restaurant very convenient and accessible for guests from Manila.
Yats Restaurant & Wine Bar is general regarded in the Philippines as the best fine dining establishment in the country. Wine Spectator Magazine’s gave out Restaurant Wine List Best of Award of Excellence to 788 restaurants in the world. Yats Restaurant is the only restaurant in the Philippines to receive this award in recognition of its famous 2700-line restaurant wine list that has attracted many wine lovers to visit Clark Pampanga frequently to wine and dine.
Wine tastings are held regularly at this fine dining establishment, each event with a different theme. Popular themes include a tasting of 15 different Cabernet-Sauvignon-dominant red wines, old-world compared against new-world wines and a tasting of 50 years of aged vintage wines.
In addition to the wine cellars of the fine dining Yats Restaurant, more selections are available from the largest wine shop in Philippines, another property of Yats Wine Cellars called Clark Wine Center just 3 minutes away. Guests do not have to pay corkage fee for wines purchased from Clark Wine Center’s Wine Shop. 0922-870-5173 0917-826-8790 for Ana Fe.
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Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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http://www.HotelClarkPhilippines.com
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