$1-B Semiconductor Project to Progress
|
|
Written by Loren
|
|
Thursday, 04 December 2008 |
|
Despite of the economic meltdown, the $1-B investment here of the world's biggest semiconductor will not be affected.Benigno Ricafort, CDC (Clark Development Corp.) president, said that electronic giant Texas Instrument (TI) will continue its operation inside the Freeport. TI will generate some 6, 000 employment opportunities once it starts full operation starting next year as phase one of the construction of the multi-billion-peso facility is nearing completion. There are 781 investors in Clark at present of the total number 55 investment projects were signed from January to October this year which bring fresh investment capital with a project commitment of P14-B in the next five years. To make the frontier successful, CDC came out with 7 frameworks: - land use development plan of the next frontier
- participative management concept
- parallel development program
- socio-economic plans
- tourism development
- international standard business center
- corporate social responsibility program
[via Manila Bulletin] |
