Clark Freeport Zone’s employment has now reached 107,694 as of November 2017. This is an unprecedented milestone as reported by Clark Development Corporation (CDC) through its President and CEO Noel F. Manankil. In addition to the rise in employment, per the statement of Mr. Manankil, there were a total of 943 registered enterprises, including some government agencies, that set up operations in the freeport.
There was an increase in about 12 percent for the pored of 11 months, as shown in the report where Clark only has 93,467 workers at the end of December 2016.
The number of employees inside the economic zone has been growing tremendously since the conversion of Clark Freeport from military facility into a productive commercial complex that started in 1993. The increase in manpower in Clark is being attributed to the sound investment climate and economic policies of the Duterte administration.
Japanese-owned Nano Philippines leads the employer and generation of jobs with 7,926 workers. Sutherland Global Services Philippines, Inc. with 5,857, L&T International Group, Phils;, Inc. with 5,200 and Yokohama Tire Phils. Inc. with 2,858. Add to the Japanese semiconductor firms increase in employment, is the company’s agreement with CDC and Clark International Airport Corporation for their P 731-million expansion project here two years ago.
Industrial firms also employ the biggest number of workers with 49,055 or 46 percent of the total number of workers while the ICT/Business Process Outsourcing firms is the second largest employment contributor with 22,883 or 21 percent.
The employment generations is also expected to increase significantly once the components of the New Clark City project of the Bases Conversion Development Authority (BCDA) gets implemented in the coming years.
New Clark City is the country’s newest development project will feature mixed-use real estate developments for residential, a business continuity centre that would also house national government agencies, an agro-industrial park that will provide a platform for research and development, and the Philippine Sports City inside 9,540-hectare at Clark Special Economic Zone.
President Duterte’s direction on Build, Build, Build where the BCDA will be one of the beneficiaries. The P 9.3-billion passenger terminal project at the Clark International Airport last December 20, 2017. The partnership is being implemented with Department of Transportation, Department of Public Works and Highways, Department of Finance and Department of Budget and Management.