CDC leadership gets glowing remarks

• Source: http://punto.com.ph/News/Article/23694/Volume-9-No-36/Headlines/div-style-text-align-justify--span-style-color-rgb-255-0-0-span-style-text-decoration-underline--AS-MACCI-CITES-FREEPORT-S-SUCCESS-span--span--div-br-CDC-leadership-gets-glowing-remarks
• Friday, October 9, 2015 10:23 pm

(CDC CommDep)

CLARK FREEPORT – Highly respectable businesspersons in and around Clark expressed support and approval on the implementation of programs and policies here, citing Freeport’s success is based on facts and real accomplishments.

Some officers and leading members of the Metro Angeles Chamber of Commerce and Industry Inc. (MACCI) agree that the current management of Clark Development Corporation (CDC) is ‘successful’ in running the state-owned firm.

MACCI director Renato “Abong” Tayag, Jr. and owner of Mother Earth Products Inc. said that the background of CDC President Arthur P. Tugade as a businessman is an advantage in running the affairs of the government corporation.

“Dahil sa kanyang experience as a businessman, he wants to run the CDC as a business, I think in that regard is very successful,” Tayag said.

Speaking at the MACCI’s induction of members and election of directors for 2016, CDC president Atty. Arthur P. Tugade reported the Freeport’s performance highlights before a hundred businessmen in Metro Clark Area.

Tugade disclosed financial figures from 1996-2012 and after he assumed office up to the present.

“Straight-forward, talagang solid because they are based on facts,” Tayag said.

Tayag who is also a past president of MACCI congratulated Tugade for humbly acknowledging ‘team effort’ for the continued progress inside the Freeport.

Likewise, Tayag encouraged other government offices and institutions to replicate CDC management’s best practices in governance.

“And I would like to encourage him and others also, para maging example siya to other government-owned institution,” Tayag said.

“He will be a tough act to follow, kasi others after him (Tugade) will have to do better,” Tayag added.

For implementing a culture of integrity, Tayag further said that ‘it takes courage, determination and political will’ to effectively run the government.

“I salute him for being consistent about what he believes and what he stands for. To president Tugade, I congratulate you and your team for a work well done,” Tayag said.

For her part, Jeannie Ng, Chairman, Clark Locators and Investors Association (CILA) vowed to support CDC management for the prevailing sound business climate inside the Freeport.

“The figures speak for themselves, from the time he (Tugade) started as CDC president up to now, there’s a big increase in revenue and how well-managed CDC is,” Ng said.

For gross revenues where these net incomes come from, CDC posted P10. 57 billion from 1996-2012 or 17-year period, while for the past 2 years, CDC recorded P4.11 billion.

Moreover, CDC posted a net income of P1.44 billion from 1996-2012 or 17-year period, while for the past 2 years, CDC recorded P1.49 billion.

The CDC as a government corporation is required to remit cash dividends to the national government. For the past 2 years it has paid P720 million to the national treasury. CDC only paid P634 million from 1996-2012.

“With his (Tugade) integrity, good example and his kumbaga political will, if you will call it that way, he has achieved what other (CDC) presidents couldn’t achieve,” Ng added.

On the issue on CDC is being criticized for approving the P7-billion project of Capilion that would initially generate about 18,000 jobs. Both Ng and Tayag welcome the Singaporean investment in Clark.

“Yung Capilion there are a lot of misconceptions and rumors flying about Capilion,” Ng said.

“We welcome the big investment (Capilion) and we’re thankful that he is addressing the possible effects,” she added. “I think it is a testimony to the confidence of foreigners to invest in our country, with this Capilion, this can be a game changer,” Tayag said.

“Magigising lahat yung ibang investors, Singaporeans are very well trained lalo na sa business,” Tayag added.

Ng cited the current leadership and management have benefitted the locators and vowed to support this kind of governance.

Tugade attributes the Freeport’s growth to continuing investment confidence through the ‘matuwid na daan’ being espoused by President Benigno Simeon Aquino III, and with the policies and culture inculcated to CDC employees which the result was magnanimous.

Louie Reyes, “green” entrepreneur and former Angeles City councilor said that Tugade’s leadership is what CDC needs in running the Freeport.

“He means business and I think we need that kind of leadership. He is a leader that means business talaga,” Reyes said.

Established in 1964, MACCI is one of the oldest business chambers in the Philippines. It has received the most outstanding chamber in North Luzon consistently.