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.
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“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

Good hotel accommodation in Clark is available for Manila residents and tourists looking for good resorts in Pampanga for vacations and holidays in Philippines. Clearwater Resort is one of the best resorts in Pampanga that is lauded by Manila residents for its safe and clean outdoor facilities that are perfect for family bonding or for stressed out Manila residents to relax and unwind during a weekend in the north. Many guests of this hotel in Clark Pampanga enjoy fishing in the lake or their fishing pond located next to the outback tents hotel accommodation. Clearwater appears frequently on the top of a list of the best hotels in Pampanga. Function room for meetings and seminars is also available in this popular resort in Clark Philippines.
Frequently visited resort hotel in Pampanga Angeles City Clark Freeport Zone shares news, articles, suggestions and ideas on matters that might enhance your visit to Subic and Clark Pampanga for vacation and travel, as well as to organize, plan or attend a corporate or social event near Manila.

Where to stay in Clark, Philippines?

Voted Best Hotel in Clark Pampanga, this beach resort is a semi-private establishment located in the central business district near shopping, business, entertainment, airport and other conveniences of Philippines Clark Freeport Zone. This 13 hectare lake beach resort near Manila Philippines is a place of leisure that is highly recommended for family tourists with children or couples and individuals hoping to relax and enjoy peace and quiet in a laidback American suburban lifestyle.

Adding to the charm and attractiveness of this resort hotel in Clark Philippines are certain unique factors including safety, a keen sense of security and privacy that the main zone of Clark Freeport Zone offers. Angeles Philippines, Subic or Manila cannot offer the same sense of security like Clark Philippines. Clearwater is one of the best hotel in Clark and the resort is a very popular venue for rest and relaxation especially for golfers after a round of golf at one of the best golf courses near Manila. Clark is home to some of the best golf courses in Pampanga.

Philippines Travel Guide just unveiled recommendations and tips for safe and secured destinations during Holy Week and Easter Holidays in Philippines, Pampanga, Angeles City, Subic and Clark. The report covers highly recommended resorts and hotels in North Luzon, nice getaway destinations for families with children to enjoy activities in the outdoor, secured, safe and convenient place for tourists to relax and unwind, luxurious restaurants offering privacy and good ambience, best clubs in Pampanga and resto bars in Angeles City, pubs in Clark and fine dining restaurants in Pampanga, frequently visited places as well as historical sites in Angeles City, Pampanga, Clark Philippines.

Clearwater is generally regarded as is a place of leisure and the best private resort in Pampanga. This Clark hotel is the most frequently visited private resort outside Manila for corporate planning and team building because of its exclusivity. Clearwater is well regarded among frequent visitors to Clark as one of the best resorts in Pampanga.

Pampanga is an important province of the Philippines slated to be the next business and tourism center of the country. Already international traffic prefers the Clark International Airport and tourists find Clark Freeport Zone easier to get around than Manila. Safety, low crime rate, no traffic and low pollution levels all contribute to making Pampanga Angeles City Clark Freeport Zone a preferred destination for local and international tourists.

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)