Phl set to implement $434-M Millenium Challenge grant – Clark Pampanga Philippines – Clark Pampanga Philippines

By Iris C. Gonzales

Manila, Philippines – The Philippines is now preparing to implement the $434-million grant from the United States Government’s Millennium Challenge Corp.
Finance Secretary and Millennium Challenge Account-Philippines (MCA-P) vice chairman Cesar Purisima and MCA-P managing director and Chief Executive Officer, Ma. Victoria Añonuevo jointly announced the “entry into force of the $434-million grant from the MCC.”
Under the agreement, the government would use part of the grant for its Revenue Administration Reform Project (RARP) amounting to $54.30 million. The project would be used to reduce “tax evasion and corruption” through reforms at the Bureau of Internal Revenue (BIR), the government’s main revenueagency, and modernization of the revenue collection system.
Another project to be funded by the grant, the Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services which is worth $120 million, would be implemented by the Department of Social Welfare and Development.
This, the Department of Finance (DOF) said would improve community-level infrastructure and social services for the poor and strengthen the capacity of local communities to lift themselves out of poverty.
The third project is the Secondary National Roads Development Project worth $214.44 million which would be implemented together with the Department of Public Works and Highways (DPWH).
“This will reduce transportation costs and improve access to markets and social services through the rehabilitation of an existing 220-kilometer road segment on Samar Island,” the DOF said.
The grants entry into force or EIF follows the completion by the government, through MCA-P, of project preparation and documentation conditions involving the Department of Finance, Department of Justice, and compact implementing entities: DSWD, DPWH, BIR and the DOF’s Revenue Integrity Protection Service (RIPS).
“This is a milestone that signifies the determination by the two countries to rapidly initiate the implementation of poverty-reduction projects which eventually will help the Philippines and the Filipinos for many years ahead,” Añonuevo said.

Source: http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=690430

Recent surge of investments going into Clark Philippines drained Clark Freeport of prime land available for long-term leases. Investors now look for partnerships and acquisition opportunities with existing businesses located in Clark Philippines. Clark Pampanga is a fast growing city and businesses in Manila are making their move to either expand into or relocate to Clark Philippines.

Three new casinos, another world-class 36-hole golf course, several new hotels and resorts of varying class of luxury have opened in Philippines Clark Freeport over the last six months. Samsung Electronics just broke ground for a US$5 billion electronics plant, coincidentally in a location adjacent to the US$2 billion plant of US chip manufacturer Texas Instruments. Hundreds of hectares of prime land in the 4200-hectare main zone of Clark Freeport have quickly been occupied. Almost the entire central business district has gone off the map of available land in this fast-growth investment destination.

With its near-zero crime rate, low pollution levels, absence of traffic congestion and a favorable tax structure, Clark Freeport is well known among foreign investors as the destination of choice. Now that the Clark International Airport (DMIA) has flung into full operations with dozens of flights linking Clark to all major cities in Asia and some beyond, Clark Freeport, Pampanga has come of age.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

Yats International Leisure Philippines

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com