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Appeals court junks Mondragon bid to operate Clark casino

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FILE PHOTO

The Court of Appeals has dismissed the bid of the Mondragon and Resorts Corporation (MLRC) to acquire the authority to operate the Mimosa Regency Casino inside the Clark Special Economic Zone.

Posted: December 11th, 2013 in Latest Business Stories | Read More »

New CDC chief tackles changes in cultural, financial fronts

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CLARK Development Corp. president and chief executive officer Arthur Tugade. PHOTO BY E.I. REYMOND T. OREJAS/INQUIRER CENTRAL LUZON

A change in culture and increase in revenues are what Arthur Tugade, the man President Benigno Aquino appointed president and chief executive officer of Clark Development Corp. (CDC), is bringing into the agency that is turning this former American military base into an economic engine.

Posted: February 2nd, 2013 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Former Shell chief executive is new CDC chair

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Former Shell chief executive Eliseo Santiago has been appointed as the new chair of Clark Development Corp. (CDC).

Posted: December 21st, 2012 in Headlines | Read More »

CDC to remit P300M to BCDA

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State-run Clark Development Corp. is set to remit more than P300 million in dividends to its mother company, the Bases Conversion and Development Authority (BCDA).

Posted: May 9th, 2012 in Headlines | Read More »

Biz Buzz: Diversified fights back

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Businessman Ramon Garcia’s Diversified Securities Inc. has turned the tables against those who complained with the Philippine Stock Exchange that it had sold shares in Chemical Industries of the Philippines (CIP) and LMG Chemicals without authority.

Posted: March 12th, 2012 in Editor's Pick,Headlines | Read More »

Clark freeport attracts P22.9B in investments

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State-run Clark Development Corp. signed last year agreements for 207 lease and sublease projects worth P22.9 billion that are expected to boost further the development of the freeport zone into one of the most complete investment destinations in Asia.

Posted: March 1st, 2012 in Headlines | Read More »

CDC eyes 19 major projects

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Clark Development Corp. (CDC) expects 19 projects that have pledged investments ranging from P100 million to P1.5 billion each to be implemented at the Clark Special Economic Zone starting this year.

Posted: February 24th, 2012 in Headlines | Read More »

Biz Buzz: CDC shake-up

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A management revamp looms at Clark Development Corp. as its president, Felipe Antonio Remollo, may be on the way out, high-placed sources told Biz Buzz.

Posted: February 7th, 2012 in Headlines | Read More »

Clark to remit P100M in dividends to Treasury

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State-owned Clark Development Corp. is set to remit P100 million in dividends to the national treasury, as it expects to earn P200 million from last year’s operations.

Posted: February 3rd, 2012 in Headlines | Read More »

Gov’t to revitalize Clark freeport, ecozone

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State-run Clark Development Corp. has started to aggressively revitalize its freeport and economic zones in a bid to further attract local and foreign investors and boost investments.

Posted: December 16th, 2011 in Headlines | Read More »

Clark agency reviews deal with Megaworld

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The state-run Clark Development Corp. is reviewing a 550-hectare property allotment at the Clark Freeport Zone and Clark Special Economic Zone sought by tycoon Andrew Tan-led Megaworld Corp. in line with the soon-to-be-issued guidelines covering land leasing at the former US air base.

Posted: December 13th, 2011 in Headlines | Read More »

Megaworld clinches P7B Clark dev’t deal

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megaworld

Megaworld Corp. has bagged a P7-billion deal with the state-owned Clark Development Corp. (CDC) to develop up to 550 hectares of the former US military property into a mixed-use complex.

Posted: November 29th, 2011 in Editor's Pick,Featured Gallery,Headlines | Read More »

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