gglc express issue 4 vol. 5

8/6/2019 GGLC Express Issue 4 Vol. 5

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National News

Regional News

BOI-listed investments up 205% in Q1

PH to use medical tourism to attract 1M retirees a year

BPO sector revenues grow 26% to $8.9 B last year

P-Noy bares 40 investment missions rom Europe, MidEast

Singapore, PH ink P48M grant or PPP capacity building

PPP projects attract Chinese interest

Clark BPO wins 3rd PEZA award

BCDA: P301M subsidy went to power upgrade

Bizman asks US senators help or Clark airport development

P-Noy inaugurates Cavitex

SEM-Calaca to expand Batangas acility

Corporation to host tour or Clark execs

Tourism driving investments

Phoenix Petroleum posts 122% revenue growth

Smart introduces worlds astest mobile broadband technology

Megaworld prices $200-M 7-year notes

US-ASEAN Business Council delegates take a tour at Clark Freeport

Clark hosts 1st North Luzon Franchising conab, exhibit

GGLC supports Amcham Business Orientation Program (BOP) 2011

GGLC participate Clark Unity Games 2011

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BPO sector revenues grow26% to $8.9 B last year

The Philippine Star

Philippines as viable investment and expansion site for growing BPO

industry

But he said the Philippines should ocus on privatelyinsured oreigners since government and medicalinstitutions have yet to address the issue o portabilityo health insurance.

Schumacher said another issue that needs to be

addressed is the transparency o doctors ees andprocedures to patients.

The coalition is pushing or the inclusion o theretirement and healthcare industry in the private-publicpartnership program as well as in bilateral negotiationswith the main markets such as Europe, the UnitedStates, Japan and Korea to be able to harness its ullpotential as a sunrise industry, so called by the JointForeign Chambers.

There would be a tsunami o old people, Schumacher

said, noting most o them go to Latin Americancountries.

The Philippines, he said, would be the next destinationo Europeans or its beaches, Japanese and Koreans orits gol courses.

Being one o the largest English-speaking countries inAsia, the Philippines can be an ideal home or retirees. -Irma Isip

MANILA, Philippines - The countrys business processoutsourcing industry (BPO) generated revenues o $8.9billion in 2010, a year-on-year growth o 26 percent, theindustry association reported Wednesday.

Its biggest sub-sector, the contact center, grew over21 percent to $6.1 billion last year, overtaking Indiasrevenues and making the Philippines number one inthe world, the Business Processing Association o thePhilippines (BPAP) said.

We achieved robust growth in all major sectors o theindustry: voice-based BPO, non-voice business supportand complex services, and inormation technology, saidBPAP chairman Alredo Ayala.

The Philippines now leads the world in voice-basedcustomer service, added Benedict Hernandez, presidento the Contact Center Association o the Philippines(CCAP).

BPAP said the BPO industry employed a total o 525,000skilled workers and proessionals in 2010, up 24 percent

rom 2009.

Over the next ve years, the industry is expected to growby about 15 percent, translating to over two million indirect and indirect jobs and $20 billion in revenues.

But with greater collaboration rom all stakeholders,including government and the academe, we have thepotential to grow at 25 percent a year. This would create1.3 million direct jobs, 3.2 million indirect jobs, and $25billion in export revenues, Ayala said.

The numbers also show that our non-voice BPO sector,including back- and mid-oce business support and high-value knowledge process outsourcing (KPO), grew astestat an impressive rate o 30 percent in 2010.

We now employ more than 100,000 proessionals in thissub-sector-with many o these BPO employees comingrom nancial and accounting, legal, and medical sciencesbackgrounds, he added.

Data on the relatively smaller outsourcing sectors o IT,transcription, animation, and game development revealedthat these sectors have recovered rom the globalnancial crisis as markets in buyer countries placed ordersand started implementing stalled contracts in 2010. All


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Volume 5 | Issue 4GGLC Newsletter Express

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P-Noy bares 40 investmentmissions from Europe, MidEast

MANILA, Philippines - President Aquino disclosedyesterday that about 40 investment missions romSpain, Switzerland, Germany, France, United Kingdom,Qatar and United Arab Emirates would visit the countryin the coming months to explore business prospects inthe Philippines.

In his keynote speech during the inauguration o theSpecialty Wing o the newly renovated Paco Market

in Manila, the President said 40 investment-ocusedmissions mostly rom the United States, UnitedKingdom, Korea and China had arrived in the country inthe last quarter o 2010 and submitted proposals to theBoard o Investments (BOI).

The objective o these missions is to invest in thecountry and expand the BPO (business processoutsourcing industries), airports and other sectors othe country, the President said.Mr. Aquino said the renewed investor condence inthe country was a direct result o concrete and tangible

government reorms to weed out grat and corruptionand not just all talk.The President said this condence would benetFilipinos in the orm o more jobs and an overall betterquality o lie.

Providing jobs or all Filipinos has been a top priority oour administration rom the start. And now that I haveassumed oce, it is very evident that our success is notjust the result o all talk but o hard work, the Presidentsaid.

The Philippine Star

Public-Private Partnership program of Aquino Administration attracts

foreign investors.

sectors, except engineering services outsourcing (ESO),reported positive growth gures or employment andrevenues.

The health care BPO sector, as reported by theHealthcare Inormation Management OutsourcingAssociation o the Philippines employed 14,000 health

care proessionals by end-2010 and earned $102million.

The industrys creative outsourcing sectors, animationand game development reported 18 percent growth inrevenues to $142 million in 2010.

Mrs. Aquino said he had been telling oreign investorsthat the country was open or business and that he wasserious in giving them a sound environment or theirinvestments.He said the $1 billion additional investments rom Coca-Cola that he got during his visit to the United US last yearhad already started.

The President said the new investment missions

would like to see rsthand the improving investmentenvironment in the country. He expressed condencethat they would decide to invest as our oreigncompanies had already visited the country and wouldlikely put in their money here.

We expect to generate more than $1 billion rom theiroreign direct investments in the next two years, headded.

All these good news, the President said, would redoundto the benet o the Filipino people in the orm o more

jobs.

The President has reported that his administration wascontinuously trying to nd ways to address the needs othe people.

He said the Department o Social Welare andDevelopment (DSWD) had assisted 400,000 more amiliesthrough the conditional cash transer program.


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P-Noy looks at the scale model on the planned development on the Manila

North Harbor Port presented by Manila North Harbor Port, Inc. CEO

Richard Barclay

Press Conference of Chinese media and Philippine Economic Managers and

Vice Premier Wang Qishan

Despite the hostage incident on Aug. 23 o last year, thePresident said tourist arrivals increased rom three to

3.5 million since the start o the administration.

He urther said the dividends o the government-owned and controlled corporations to national coerstotaled P29 billion compared to less than P10 billion inprevious administrations.

SINGAPORE. The Philippines and Singapore onThursday signed a grant agreement worth S$1.423million (P48.373 million) that would help thePhilippines create a capacity-building ramework tobetter implement its public-private partnership (PPP)projects.

The grant was signed by Transportation Secretary Josede Jesus and Alphonsus Chia, chie executive o theSingapore Cooperation Enterprise, at the Shangri-LaEdsa Hotel in Mandaluyong City.The grant, which will cover a one-year period, will beunded by Temasek Foundation while the Philippinegovernment will provide the counterpart und oS$270,100.

Temasek Foundation is a non-prot organization inSingapore that works with partner governments andprivate organizations in the development o healthcare,education and research programs especially in Asia.The Singapore Cooperation Enterprise (SCE) is an

Philippine economic managers generated Chinese interestin public-private partnerships (PPP) during a mission last

week.The Philippine embassy in Beijing reported that the PPProadshow received a positive response and stronginterest rom Chinese government and business leaders.

Chinese Vice-Premier Wang Qishan said during hismeeting with economic managers that China is opento the PPP concept while business leaders expressedcondence in Chinese rms capabilities to participatesuccessully in PPP projects.

The statement said mission leader Finance SecretaryCesar Purisima told Wang that China is the rst stop othe economic managers program to invite internationalparticipants to competitive public biddings or PPPprojects to boost the state o inrastructure across thecountry.

Singapore, PH ink P48M grantfor PPP capacity building

PPP projects attract Chineseinterest

Malaya

Malaya

agency that was ormed in 2006 to respond to manyoreign requests to tap Singapores developmentexperience by tailoring possible solutions to match theoreign parties needs.

Anna Ng, director o SCEs International PartnershipsDivision, said the unds will be released in two to three

components once the Philippines achieves a milestoneor each phase.


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CLARK FREEPORT Sutherland Global ServicesPhilippines, a Business Process Outsourcing (BPO) rmbased inside the Clark Freeport recently bagged, or thethird time, the 2011 Outstanding Employer Award givenat the PEZA Investors Recognition Night.

Sponsored by the Philippine Economic ZoneAuthority in cooperation with the Philippine EcozonesAssociation, the Outstanding Employer Award is givento organizations that generated the most number ojobs, held high regard or the welare o its workers, andmaintained harmony between labor and management.

In his congratulatory message to the Philippinesmanagement team, Chairman and CEO Dilip Vellodi saidTo win this prestigious award year ater year is a verystrong testament to the dedication o our employees

in the Philippines, who have all helped in making thishappen.

Sutherlands latest award also assures it the privilegeo being included in PEZAs Hall o Fame in next yearsawards a distinction reserved only or a handul ocompanies which have won the award three times.

Since our launch in 2005, our operations in thePhilippines have become a strategic component o ourglobal service delivery model. The countrys avorableeconomic environment, business-riendly governmentpolicies and, above all, the technically- skilled andcommitted workorce have been driving orces in ourability to rapidly scale our operations across severallocations in the country, Vellodi said.

Aside rom receiving PEZAs award thrice, Sutherlandhas also received the Philippine Quality Award (PQA)or Commitment to Quality Management during the

11th PQA conerment rites conducted annually by theDepartment o Trade and Industry. Sutherland is the rstand only BPO in the last 10 years to receive this award.

Starting with 150 employees in 2005, Sutherland GlobalServices Philippines inside the Clark Freeport is morethan 13,000-strong today a growth o over 8600percent.

Established in 1986, Sutherland Global Services is a multi-national technology-enabled BPO services companyproviding integrated platorm-based and analytics-enabled business cycle support solutions or majorindustry verticals and global industry leaders.

Based in Rochester, N.Y., Sutherland is one o the worldslargest pure-play BPO companies employing over 30,000proessionals across 33 global delivery centers andbusiness operations located in the United States, Canada,

Clark BPO wins 3rd PEZA award

Punto Central Luzon

We invite state-owned enterprises and the privatesector and seek the support o the Chinese governmentin this program to improve the overall inrastructure inthe Philippines, Purisima said.

Trade Secretary Gregory Domingo said the teamnoted the strong expression o interest in China in the

massive inrastructure requirements o the Philippinesand, as a result o this visit, he is optimistic thatbusiness delegations rom both sides will be shuttlingbetween the two countries in the coming months.

Domingo also assured government and businessleaders o the Aquino administrations resolve inimproving the business environment and ensuring thatall investors benet rom a level playing eld.

Shown receiving the

Outstanding Employer

Award for Sutherland

Global Services fromPres. Benigno Aquino

III is Shridhar Aiyer,

Sutherlands Associate

Vice President for

Human Resources..............................

.............................


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Mexico, Colombia, India, the Philippines, the United ArabEmirates, Bulgaria, Egypt, and the United Kingdom.

In the Philippines, Sutherland set up its rst acility inmid-2005 and has now expanded to six locations inthe country with over 13,000 employees providingintegrated BPO services to the companys Fortune 1000

Global clients. Sutherlands expansion in the Philippineshas been uelled by continued growth in the companysexisting outsourcing engagements as well as the additiono new major clients.

The Bases Conversion and Development Authority(BCDA) yesterday said the P301 million subsidy itreceived in February rom the national government wasor the upgrade o the transmission lines system beingundertaken by Clark Development Corp. (CDC).

BCDA said it merely served as a conduit to acilitate thesubsidy release, being the parent company o CDC.The upgrade was being done to ensure stable powersupply to multinational locators at the Clark specialeconomic zone (SEZ).

According to the BCDA, the subsidy did not go tothe operational requirements o BCDA but to capitalexpenditure representing payments o progress billingsor the phase 3A o the Clark 230-kilovolt transmissionproject.

CLARK FREEPORT -- Clark International AirportCorporation (CIAC) President and CEO Victor JoseI. Luciano has asked two US senators to help in thetransormation o Clark airport into an aerotropolis.

US Senators Daniel Inouye o Hawaii, President ProTempore o the US Senate, and Thad Cochran oMississippi, both members o the committee onappropriations, visited the CIAC Corporate Oceson Tuesday and made a quick tour at the expandedTerminal 1 o the Clark International Airport.

During a presentation at CIAC, Luciano revealed thedevelopment o a logistics and services hub in the Clarkairport area. It is patterned ater the logistics hub inDallas Forthworth, Texas where the development o twocities created an aerotropolis.

The airport-driven economic powerhouse brought inhundreds o companies around the airport in Dallas.

BCDA: P301M subsidywent to power upgrade

Bizman asks US senators helpfor Clark airport development

Ensuring stable power supply to multinational locators inside Clark

Freeport

This is not the rst time that unds were channeledthrough BCDA to CDC by the NG.

Beore the P301.7-million subsidy, BCDA receivedP91.6 million rom the Department o Budget andManagement or CDC to undertake mobilization o theproject.

BCDA said it was inormed by the DBM that theamount o P123.23 million was issued to the Bureau oTreasury, representing the release o cash requirementscorresponding to the national government transersto CDC through the BCDA, to und payments or theremaining project billings.

In 2008, the national government ordered the releaseo a special allotment o P3 billion to CDC throughBCDA or the implementation o the project pursuant

to Executive Order 666 to service big-ticket locators inthe Clark reeport zone.

The project involves the upgrading o the transmissionline system rom 69 KV to 230 KV. It is expected toenhance the Clark SEZs attractiveness to oreigninvestors.

Sun Star Pampanga

Malaya


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MANILA, Philippines President Aquino led theinauguration yesterday o the newly-completed Manila-Cavite Toll Expressway tollway or Cavitex, a seven-

kilometer that directly links Cavite to the coastal road.The inauguration caps several inaugurations made by Mr.Aquinos predecessors ormer presidents Fidel Ramos,Joseph Estrada and Gloria Arroyo who all planted timecapsules in the highway, according to Cavite Rep. andormer Governor Ireneo Ayong Maliksi.

Ang oras na dati ay nasasayang sa loob ng sasakyanay mailalaan na ninyo sa mas mahahalagang bagay:dagdag na oras upang makapiling ang pamilya, magingproduktibo, at makapagpahinga, (The time that used

to be wasted inside a car can now be used or moreimportant things such additional time with amily,becoming productive and resting.) Aquino said in hisspeech.

Among the attendees were senators Panlo Lacson andSerge Osmea, representatives Maliksi, Joseph EmilioAbaya and Jesus Crispin Remulla, Gov. Jonvic Remulla,


US Senators Daniel Inouye of Hawaii, President Pro Tempore of the US

Senate and Thad Cochran of Mississippi and Mr. Victor Jose I. Luciano,

President and CEO of Diosdado Macapagal International Airport

P-Noy is joined by UEM-MARA Philippines Corporation Chairman

Luis Juan Virata and DOTC Secretary Jose de Jesus for the ceremonial

drive-thru of R1 Extension Project of the seven kilometer Manila-Cav-

ite Toll Expressway Project in Kawit, Cavite.

This is where we would like to seek the US governmentto help us plan to make the Clark Civil Aviation Complexan aerotropolis, said Luciano.

Luciano asked the two lawmakers to help promote Clarkto American investors.

The Philippine Star

Inouye invited Luciano to join the Asia-Pacic EconomicConerence (Apec) meeting in Hawaii this year to make apitch or the development o Clark airport.

You should come to the Apec meeting in Hawaii

and make the same kind o presentation, Inouye toldLuciano.

This years annual Apec Leaders Meeting will be held inHonolulu, Hawaii in November. It is one o the worldslargest intergovernmental meetings, the premier orumbeing composed o 21 Pacic Rim counties, calledmember-economies, which meet annually to cooperateon regional trade and investment issues.

The two senators were impressed with the activity at theClark airport, according to Luciano.

Cochran and Inouye, who already visited the ormerClark Air Base or several times in the past, expressedoptimism over the current developments at the ClarkCivil Aviation Complex.

The two senators were very much impressed with thetransormation o Clark into a powerhouse. They saw thebulk o incoming and outgoing passengers at the Clarkairport, said Luciano.

Luciano said Inouye and Cochran were in the Philippinesto look into the transormation o the two ormer USmilitary bases - Clark Air Base and Subic Naval Base -- intoproductive civilian use.

Clark Freeport Zone is now the site o an internationalairport while Subic Freeport Zone has a deep-sea port.

The two economic generators are linked by the modernSubic-Clark-Tarlac Expressway.


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Business Mirror

Sun Star Pampanga

SEM-Calaca to expandBatangas facility

Corporation to hosttour for Clark execs

SEM-CALACA Power Corp. plans to double the existingcapacity o its 600-megawatt (MW) Calaca coal-redpower plant in Batangas.

Nestor Dadivas, SEM-Calaca director, told reportersthat the expansion o the Calaca power plant will beimplemented in two phases. The rst phase will initiallyinvolve the construction o two 150-MW coal-redunits. The company, Dadivas said, is eventually looking

at installing our 150-MW units to expand the existingcapacity o the Calaca coal-red power plant. We hopeto break ground within the year, he added. The expansionwill be unded through nancing agreements.

The Calaca acility consists o two 300-MW generatingunits and is primarily designed to run as a baseload plantand designed to use local coal rom Semirara MiningCorp., a subsidiary o parent company DMCI Holdings Inc.(DMCIHI).

CLARK FREEPORT -- The Clark Development Corporation(CDC) Tourism Promotions Oce is inviting all topexecutives here to a amiliarization tour o the Freeportand its nearby communities.

The CDC said the project, dubbed the Clark ExecutivesFamiliarization Tours, is a tourism promotions campaignthat aims to equip participants with rst-handknowledge o tourist acilities and attractions in Clark andnearby towns.

Calaca Hydroelectric Power Plant

ormer Prime Minister Cesar Virata, ormer senator andnow Philippine Reclamation Authority chairman RamonRevilla Sr.

Luis Juan Virata, chairman o UEM-Mara Philippines Corp.which entered into a partnership with PRA or the Cavitexproject, said toll rates will stay at P58 or one year, in line

with the governments policy to help the poor cushionthe impact o skyrocketing prices.

He said Cavitex can withstand a six magnitude earthquakeand can accommodate a light plane that may intend toland, perhaps in cases o emergency. It will be opened tothe commuting public by May 1.

In newspaper ads, UEM-Mara Philippines, said Cavitex,which is overlooking Manila Bay, will cut travel time romZapote to Kawit (towns in Cavite) to only eight minutes.

From Manila to Kawit, travel time will be 20 minutesinstead o an hour and a hal.

Cavitex will be a boost to Cavite tourism and will allowcommercial trac to move goods quicker rom Port Areaand NAIA to the Cavite Export Processing Zone, whichis essential to nationwide economic development, aportion o the advertisement read.

In July 2009, DMCIHI acquired the Calaca acility in abidding held by the Power Sector Assets and LiabilitiesManagement Corp. (Psalm). It has been allocated asubstantial 287-MW power supply contract, or about48-percent o the plants rated capacity.

Psalm said Calaca will provide the new owner a

ready market or the electricity that the power plantwill generate. The Manila Electric Co. will assume thebiggest portion o the contracted energy, which isequivalent to 169 MW.

Sem-Calaca Power is 100-percent owned by Semirara.It was incorporated on November 19, 2009 aimedprimarily to acquire, expand and maintain power-generating plants, develop uel or generation oelectricity and sell electricity.


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CompaNiesThe Department o Tourism said it will soon complete theNational Tourism Development Plan (NTDP) ater holdingconsultations in the regions.

Ater its completion, the dierent LGUs can embark ontheir own tourism ramework plans to eectively deliver acomplete and sustainable tourism development.The local government units are encouraged to developa complete tourism product that can be jump-started bygood strategic planning.

MANILA, Philippines - Phoenix Petroleum Philippines Inc.,one o the most aggressive independent oil players in thecountry, posted a strong rst quarter with a 122 percentgrowth in revenue to P6.1 billion this year rom P2.75billion in the same period last year.

In a disclosure to the Philippine Stock Exchange, Phoenixsaid volume also increased 97 percent year-on-year.The company attributed the growth in sales rom theexpansion o its retail network.

The improvement in revenues can also be traced to the

increase in its retail and commercial accounts.Phoenix has opened 178 stations as o March rom 161stations at the end o 2010. O the 178 stations, 135 are inMindanao, six are in the Visayas, and 37 in Luzon.

MANILA, Philippines - Smart Communications hasintroduced to the country what company ocialsdescribe as the worlds astest mobile broadbandtechnology.Called Long Term Evolution (LTE), this is the latest stagein the development o mobile broadband technologyand is popularly reerred to as the ourth-generation 4Gmobile phone technology.

LTE promises to raise the quality o mobile broadband

services several notches higher compared to earliertechnologies, said Smarts chie wireless adviser OrlandoB. Vea. This will us help deliver our commitment to bringthe Internet - indeed super-ast Internet to more andmore Filipinos.

In Smarts network, LTE is currently delivering downloadand upload speeds o up to 50 mbps. In the uture, dataspeeds will be raised up to 100 mbps.With LTE, users can download entire movies in minutes,songs in seconds and can view high-denition videoseamlessly.

Initially, Smarts LTE service has been made availablein the world-amous island resort o Boracay this HolyWeek and will soon be rolled out to other areas. LTE dataservices can currently be accessed using USB donglesattached to laptops or networks, or, via LTE-poweredwireless routers providing WiFi coverage.LTE belongs to the GSM amily o mobile phonetechnologies that are being used by all three cellularoperators in the country.

Team Phoenix headed by AVP-Fuel Sales Mindanao Edgardo Alerta on

expansion of fuel stations

Phoenix Petroleum posts122% revenue growth

Smart introduces worlds fastestmobile broadband technologyThe Philippine Star

The Philippine Star

In 2010, Phoenix grew its share o the oil industry rom1.21 percent to 2.5 percent based on volume. It is theleading independent oil company in Mindanao.

Based on its rst quarter perormance, the company iscondent o hitting its target o additional 80 stations orthe year.

Phoenix is the astest growing independent oil companywith an expanding network o operations nationwide. Itis engaged in the business o trading rened petroleumproducts and lubricants, operation o oil depots andstorage acilities, and allied services.


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CompaNies

Smart introduces its new broadband service called Long Term Evolution (LTE)

Megaworld prices $200-M7-year notesThe Philippine Star

GSM oers various wireless data services withprogressively rising data speeds and capacities. These areGPRS, EDGE, 3G, HSPA and HSPA+. LTE is the latest andmost advanced technology platorm.

The main advantages o LTE are high throughput, lowlatency, an improved end-user experience and a simplearchitecture resulting in low operating costs. LTE is alsobackward-compatible with existing GSM, 3G and HSPAnetworks. This enables mobile operators deploying LTE toprovide a seamless service across their LTE and previouslydeployed networks.

With mobile data trac growing rapidly, operatorsare accelerating their deployment o LTE, with someoregoing or reducing their use o HSPA and HSPA+ and

proceeding directly to LTE.

The PLDT Group is committed to extending broadbandcoverage to 95 percent o the Philippine population inthe next three years, Vea said. LTE will help us accomplishthat goal aster and more eectively.

According to a recent report rom the Global MobileSuppliers Association (GSA), there were 17 commercialLTE deployments around the world as o end-2010. Theseincluded several in Norway, Sweden, Finland, Poland,Germany, Uzbekistan, Estonia and the United States

where Verizon Wireless and Metro PCS Communicationshave gone commercial with LTE.

In Asia, LTE has been deployed in Hong Kong and Japan,where NTT DoCoMo, a shareholder o Smarts parentcompany PLDT, has red up its 4G network.The GSA says 180 operators in 70 countries are testingLTE, noting 128 rm commitments to deploy commercialservices across 52 countries, and another 52 plannedpilots in an 18 countries. About 64 LTE networks shouldbe in service by the end o 2012.

MANILA, Philippines - Megaworld Corp. has successully

priced a $200-million xed-rate corporate note issue witha term o seven years.

In a disclosure to the Philippine Stock Exchange,Megaworld said the notes will have a coupon o 6.75percent and a yield o 6.875 percent.

Proceeds o the notes are intended or Megaworldsrenancing and general corporate purposes. UBS acted assole global coordinator and bookrunner or the issue.

The bonds, which will mature in 2018, will be listed on theSingapore Exchange Securities Trading Ltd. (SGX-ST).

Megaworld said approval in principle has alreadybeen received or the the listing o these notes. Theissuance comes on the heels o a successul placementby Megaworlds parent rm Alliance Global Group, whichraised a total o P9.73 billion.

The company has slated or turnover a total o 5,700units covering Bellagio 3, Forbes-wood Parkland Tower2, Residential Resort in Newport City Sarasota and

Pinecrest, Stamord Executive Residences Tower 1, 2 and 3,Manhattan Parkway Tower 1 and 2, Cityplace Tower A andB, Greenbelt Chancellor, Greenbelt Excelsior and GreenhillsHeights.

Megaworld and sister companies Empire East LandHoldings Inc. and Suntrust Properties are accelerating theirrespective expansion programs with plans to launch P60billion worth o projects this year. The group is rolling out18,673 residential units with an aggregate foor area omore than 830,000 square meters.

Megaworld expects its rental income to exceed P4 billionthis year with the completion o Lucky Chinatown Mall,which will have more than 108,000 sqm o retail spaceby end-2011. It will also complete more than 77,700 sqmo new oce space to cater to the growing demand obusiness process outsourcing (BPO) companies.

The company will also boost its rental portolio o BPOoce developments and retail malls rom 453,600 sqm in2010 to around 639,400 sqm by end-2011.


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US-ASEAN Business Council delegatestake a tour at Clark Freeport

I was impressed

with Clark and

Subic-Alexander Feldman

The US-ASEAN General and ICT Business Mission tothe Philippines spent their last day on a tour at ClarkFreeport last April 1, 2011 led by UABC-PBC Vice Chairman,Peregrine President Dennis L. Wright, which ollowed alunch presentation o CDC, CIAC and SBMA at Holiday InnClark, Pampanga.

Mr. Wright gave a ull view o what Clark has to oeras a viable investment site in Asia. To support hisstatement Mr. Ernesto Gorospe Vice President or BusinessDevelopment o Clark Development Corporation gavea background presentation o Clark Freeport history,achievements and business update.

Clark Freeport Zones modern inrastructure acilities,generous scal and non-scal incentives, proessionalsupport services, amenities, and other advantages makeit an ideal place or investment.

Mr. Alexander Feldman, President US-ASEAN Business Council

US-ASEAN Business Council delegates

Also, access to Clarks 2,500-hectare modern aviationcomplex designated as the countrys uture premiergateway site is the Clark International AirportCorporation headed by President and CEO Mr. VictorJose I. Luciano and Mr. Darwin Cunanan head orCorporate Planning and Management InormationSystem. Luciano and Cunanan presented theDiosdado Macapagal International Airports ongoingconstruction and bid or uture expansion o Terminals2 and 3.

On the other hand, Subic Bay Metropolitan Authoritycomplements the Diosdado Macapagal InternationalAirport in Clark, as a logistics and distribution hub. Thetwin port o Subic Bay has a natural deep harbor o upto 15 meters depth o its pier.

The multi-modal means o transportation with thepresence o Subic-Clark-Tarlac Expressway, North-

Luzon Expressway, Diosdado Macapagal InternationalAirport and seaports o Subic make a great Mega-Logistics Hub that can serve seamless delivery ogoods and services throughout Asia Pacic Region.

I was impressed with Clark and Subic, Feldman said.

He also said that, this is the beginning o apartnership between the Philippines and the US-ABC to expand trade and investment and improve thecompetitiveness o the Philippines.


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Clark hosts 1st North Luzon Franchising confab, exhibit

Global Gateway Logistics City sponsored the recentlyconcluded 1st North Luzon Franchising Conerence andExhibit at the Holiday Inn Clark last April 13, 2011.The trade activity eatured at least 28 ranchisecompanies during the conerence exhibit.

MACCII president Frankie Villanueva Jr. said theconerence was highlighted by exhibits and seminarsrom experts in the ranchising industry led by PauloTibig and Butch Bartolome, among others.

Tibig and Bartolome, along with 10 other ranchisees,encouraged participants to put up their own ranchisingbusinesses.

Tibig, who tackled topics on ranchising essentials,said the success rate o entrepreneurs in the schemewas pegged at 90 percent. He said putting up a newbusiness has a 90% chance o ailing.

Bartolome, who discussed Is your business ready orranchise, or his part said owning a ranchise saves theranchisee rom the rigors o paperwork involved inputting up ones own business.

He added a ranchise already ollows a tested system

which prevents the ranchisee rom alling into variousnancial traps, trial and error system, and longer returno investments.

Franchise owners and ranchisees also deliveredtestimonials and success stories o their respectivebusinesses.

Franchisors present during the event were Sweet Cornerpresident Bong Magpayo, Lots A Pizza president TeresitaNgan Tian, Fiorgelato president Ricardo Cuna, AheadTutorial and Reviews president Rosanna Llenado, and JAPOK president Carl Quema.

Franchisees who led the panel discussion are Jess Nicdao,Jollibee; Geralyn Pabustan, Sweet Corner; Jay Ramos,Julies Bakeshop-Pampanga; Love Reyes, Aquabest; andEvelyn Salve, Lots A Pizza.

The companies that participated in the exhibit are JuliesBakeshop, Solerex, Minute Burger, World o Wellness,Tin Hao Dimsum, Generika Drugstore, Zenzest Asia,Seaoil Philippines, Big Apple Express Spa, CosmotechPhilippines, Laybare Waxing Salon, Ahead Tutorial andReviews, Fiorgelato, and GMB Franchise Developers.

Others are Binalot, Focus Ventures, Sweet Corner, JMPeanut World, RBX (Rice in a Box), Japok, Chicco di Cae,Lots a Pizza, Mr. Soty Ice Cream, Happy Haus Donut,Platowraps, Chicharic, Acqua Suisse, and Aquabest.

Ribbon-cutting ceremony of the 1st North Luzon Franchising Conference and Exhibit headed by

MACCII President Mr. Frankie Villanueva and Vice-Mayor Vicky Vega Cabigting

Sun Star Pampanga


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GGLC supports AmchamBusiness Orientation Program(BOP) 2011

Mr. Dennis Wright

and Mr. Jeff Pradhan

together with the 32

student delegates of the

Amcham BOP 2011

Business Orientation Program 2011 is a week-

long program or university students primarilyexposing them to the real world operations omultinational companies through site visits andmeetings with top company ocers.

The program provides a rare opportunity orstudents rom dierent universities all overthe Philippines and dierent backgroundsto learn together and interact with corporateexecutives o prestigious - mostly Americanbased international rms.

GGLC is a proud sponsor o the BOP2011 program, instilling best practices orstudents aspiring business leaders o uture generations. Atotal o 32 undergraduate students rom 25 universities andcolleges all over the country were selected to be part o the weeklongprogram consisting o company visits, talks and a case study.

Mr. Dennis L. Wright gave a presentation which ocused on quality. Hindi pwede ang Pwede na. He also cited Clarkas one o the best investment spot in the Philippines and in the world cited on FDI Magazine or Most cost-eectiveFreeport.

Indeed, students were amazed with what Clark has become 10 years ater the Mt. Pinatubo eruption. Truly Clark is it!

...............................Students take a tour

on what Clark has

to ofer to oreign

investorsGGLC


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GGLC participateClark Unity Games 2011

Team Peregrine

Energetic Peregrine employees

Left: Girlie Son, Joined and Represents Peregrine & GGLC together

with other candidates for Miss Clark Unity Games 2011

Clark Freeport in their eorts to bring unity andcamaraderie among locators and workers, the ClarkHuman Resources Council Incorporated brings the ClarkUnity Games MMXI held at Events Center o SM Clarklast April 29, 2011.

Basketball, volleyball and air sot are the list o games orthese years activities. Each company represents a musewhich will compete or Ms. Clark Unity Games MMXIbeauty pageant.

Companies like Peregrine Development InternationalInc., Yokohama Tire Philippines, Cyber City Teleservices,Clark Water Corporation, Oxord Princess and Casino,Clark Development Corporation, Stream GlobalPhilippines, and many other Clark locators participatedon the activities o CHRC.

Trophies and cash prizes await the winners.


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site progress


Site Erection of the drainage manhole Cover frames at Road 15

Pre-fab RCBC installation at the Gas Plaza Area

Compaction & gravel bedding preparation at the base in prior to

RCBC installation at the Gas plaza areaRebar fabrication for the Pre-Fab RCBC at the embassy

Per layer Compaction of the backll materials for the Layed

RCBC at the Gas Plaza Area

Rebar reinforcements & formworks installation at the Top Slab of

Electrical Manholes at Road 15


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LeeTrashe

r GirlieSon

RoannVel

asco

BheySoliman

RichardBe

a MarKCorder

April04

April07

April23

April05

April25

April26

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BOI-listed investments up 205% in Q1

http://www.philstar.com/Article.aspx?articleId=675990&publicationSubCategoryId=66PH to use medical tourism to attract 1M retirees a yearhttp://www.malaya.com.ph/apr01/busi7.htmlBPO sector revenues grow 26% to $8.9 B last yearhttp://www.philstar.com/Article.aspx?articleId=673999&publicationSubCategoryId=66P-Noy bares 40 investment missions from Europe, MidEasthttp://www.philstar.com/Article.aspx?articleId=674000&publicationSubCategoryId=66Singapore, PH ink P48M grant for PPP capacity buildinghttp://www.malaya.com.ph/apr01/busi11.htmlPPP projects attract Chinese interest

http://www.malaya.com.ph/apr19/busi8.htmlClark BPO wins 3rd PEZA awardhttp://punto.com.ph/News/Article/10820/Volume-4-No-126/Business/Clark-BPO-wins-3rd-PEZA-awardBCDA: P301M subsidy went to power upgradehttp://www.malaya.com.ph/apr13/busi14.htmlBizman asks US senators help for Clark airport develop-menthttp://www.sunstar.com.ph/pampanga/local-news/2011/04/28/bizman-asks-us-senators-help-clark-airport-development-152545


http://www.philstar.com/Article.aspx?articleId=680161&publicationSubCategoryId=66SEM-Calaca to expand Batangas facilityhttp://www.businessmirror.com.ph/home/companies/10541-sem-calaca-to-expand-batangas-acilityCorporation to host tour for Clark execshttp://www.sunstar.com.ph/pampanga/local-news/2011/04/08/corporation-host-tour-clark-execs-149405Tourism driving investments to Northern Mindanaohttp://www.malaya.com.ph/apr20/busi6.htmlPhoenix Petroleum posts 122% revenue growthhttp://www.philstar.com/Article.aspx?articleId=679835&publicationSubCategoryId=66

Smart introduces worlds fastest mobile broadband tech-nologyhttp://www.philstar.com/Article.aspx?articleId=677424&publicationSubCategoryId=66Megaworld prices $200-M 7-year noteshttp://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=675291Clark hosts 1st North Luzon Franchising confab, exhibithttp://www.sunstar.com.ph/pampanga/local-news/2011/04/14/clark-hosts-1st-north-luzon-ranchising-conab-exhibit-150389www.clark.com.ph | www.subic.com.ph

Reerences


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gglc express issue 4 vol. 5

Documents