Corporation to remit P300M in dividends to mother firm

CLARK FREEPORT — The Clark Development Corporation (CDC) is set to remit more than P300 million worth of dividends to its mother company, the Bases Conversion and Development Authority (BCDA), state-owned officials said.
CDC chair and officer-in-charge Eduardo Oban Jr. said the state-run corporation is now capable of paying its 2009 to 2011 remittances to the BCDA after the CDC management decided to forego construction work of the proposed CDC Corporate building, which aims to consolidate all CDC offices and Moral and Welfare Recreational (MWR) facilities.
“In fact, we have requested the BCDA to extend the deadline for our remittances since we are expecting more capital expenditures in the future. But since we will forego construction work of the proposed CDC corporate headquarters, we can now use the funds to pay our obligations to our mother company,” Oban said.
CDC Public Relations Department Manager Angelo C. Lopez Jr. said that in February 2012, the CDC has turned over dividends amounting to P100 million to the Bureau of Treasury (BTR) of the Department of Finance.
The remittance of dividends is in compliance with Republic Act 7656, which requires government-owned or controlled corporations to declare dividends under certain conditions to the National Government and for other purposes.
The law requires state-owned firms to declare and remit at least 50 percent of their annual net income to the national treasury. In January 27, 2012, the CDC Board approved the remittance of 50 percent of the expected P200-million profit made in 2011.
“One of the ways the CDC strives to help the administration of President Benigno Aquino III is by complying with its financial obligations to the government and by making substantial contributions to Philippine coffers,” Lopez said.
http://www.sunstar.com.ph/pampanga/local-news/2012/05/09/corporation-remit-p300m-dividends-mother-firm-220671

Some of the good resorts in Pampanga offer clean and safe outdoor facilities for Manila families to bring their children along for a nice picnic ideal as a form of family bonding. Clearwater is one of the best hotels in Clark Pampanga that offer outdoor picnic spots and facilities that are suitable for teambuilding and other corporate and social events near Manila. This is also one of the best resorts in Pampanga for family bonding, anniversaries and other celebrations. This hotel in Clark is also one of the best resorts near Manila for families to relax, unwind and enjoy the outdoor facilities of this popular resort in Clark Philippines. Clearwater appears frequently on the top of a list of the best hotels in Pampanga. Wedding pictures can be taken in one of the beautiful resorts near Manila for a wedding album. This hotel in Clark is also a favorite holiday destination near Manila during Holy Week, Easter, Christmas and New Year holidays.

The best getaway destination vacation spot near Manila convenient safe and accessible is Clearwater Beach Resort in Clark Pampanga.

Event organizers and companies in Manila travel out of town to the north to hold their team building events and company outings in a good resort in Pampanga. Clearwater Resort located in Clark is well regarded as one of the best venues for team building near Manila.

Quiet place for rest and relaxation near Manila, in Subic, Angeles City Pampanga and Clark Philippines is something that residents of Manila travelling to the north for a short getaway are looking for. Clark is already a popular destination for golfers from Manila. Clark Freeport offers some of the best golf courses in Pampanga and outshines many golf clubs and golf courses elsewhere in the Philippines. Clark Pampanga offers many good resorts and hotels for a short trip out of Manila, and Clearwater is one of the best places to relax and unwind for a weekend getaway or a short holiday in Pampanga.

This private resort in Pampanga is a frequently visited vacation spot outside of Manila. Included in the list of resorts highly recommended for families with children visiting Clark Philippines is Clearwater Resort located conveniently in the central business district of Clark Freeport which is accessible from Manila.

Free internet WIFI access is offered to guests of this famous hotel in Clark Pampanga. Guests can even connect to Internet WIFI service near the white sand beach, by the famous lake of Clark or in any of the picnic grounds around this resort. This hotel in Clark Philippines is generally considered by Manila residents to be a good place for family trips in Pampanga.

Highly recommended summer vacation destination outside Manila is Clearwater Beach Resort in Clark, a safe and convenient tourist spot that offers natural ambience for visitors to enjoy the outdoors with no stress. Private resort is frequently visited during Holy Week and Easter Holidays for residents of Manila travelling out of town on getaway to the north to unwind and relax in outdoor resort.

During holy week, Easter holidays, Christmas, New Year, Halloween and especially the Clark Hot Air Balloon Festival, Manila residents travel out of town to the north to relax and unwind at this famous resort in Pampanga. Clearwater Resort is the hotel in Clark that visitors prefer for family bonding and team building outside of Manila.

For inquiries and bookings, Please click here to contact Clearwater Resort for inquiries and reservations now

Clearwater Resort and Country Club, Clark Pampanga
Creekside Road near Centennial Expo,
Clark Freeport, Pampanga Philippines 2023
(045) 889-5151 0917-520-4403 0922-870-5177
Joanne or Jeremy or Loydha

Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines

After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.

Family Bonding by the famous lake of Clark Pampanga

http://www.ClearwaterPhilippines.com

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

Email: Inquiry@ClearwaterPhilippines.com

Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now

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:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.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

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669 ask for Loydha

0915-542-6250 (Jeramie)