ADB: Economic Development must be felt by the Masses

Norio Usui, ADB senior country economist, explains the need for policy changes to bring about sustained economic growth in the Philippines during a forum at the Subic Bay Freeport Zone.
SUBIC BAY FREEPORT – The Philippines needs to ensure that economic development be felt by the masses, said an economic expert during the Asian Development Bank (ADB) Economic Forum held here on September 4 at the Lighthouse Marina Resort.
Norio Usui, ADB senior country economist, said that in order to fully enjoy the economic growth that the country is experiencing, key policy challenges should be discussed so that the Philippines can embark on a sustainable and inclusive growth. Usui said that although the Philippines has a very strong services sector in the form of business process outsourcing (BPO), “it is not sufficient to address development challenges to inclusive growth.” He noted that the services sector’s labor demand is only one percent of the total labor force and is biased towards the relatively skilled workers, thus leaving the majority of the labor force underutilized. He said that the country should develop the industrial sector, since it can help create more job opportunities for the growing labor force.
Subic Bay Metropolitan Authority (SBMA) Chairman Roberto Garcia, who also spoke during the forum, shared this view and added that inclusive growth is critical now that foreign economies are moving to Asia.
“It appears that with the present situation now in Europe and America where the economies are very bad because of the Spanish and the Greek crises, they are now really looking at Asia,” he said. Garcia also noted that the country is enjoying a very stable economic growth, something that the Philippines has not experienced for a very long time. He attributed this to the good governance of the present administration. “It’s a very good time for the Philippines,” Garcia asserted. “As I’ve always mentioned, I think the main reason why the foreign investors are very interested in the Philippines now is because they perceive the new administration under President Aquino as a very stable one, a very transparent one,” he added. However, Garcia said that this development should shift down to the masses, otherwise it would be meaningless. “How can you sustain a growth rate constantly increasing? There is a lot of pressure; there are a lot of factors that come into that,” Garcia also said. “So are we just looking into a temporary situation wherein the Philippines is on the upswing, or are we going to expect a clash with foreign economies? We must consider these things,” he further noted.
The forum was attended by SBMA officials and representatives of locator companies in the Subic Bay Freeport Zone.
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The growing array of hotel resort accommodation, recreation and entertainment facilities, places to unwind and relax, fine dining and family restaurants, bars and pubs makes it increasing easy for tourists and visitors from Manila to spend quality time in a place of leisure in Clark, Pampanga. Clearwater Resort is generally regarded by travel agencies and frequent travelers as one of the best resorts in Pampanga.

To many visitors from Manila, a place of leisure or a good hotel or resort in Pampanga must be located in a city that is safe, clean and not so noisy. Convenience and accessibility are important considerations in choosing a holiday destination in Philippines. Clark Freeport is probably the easiest tourist destination to reach from Manila. Clark also has its own international airport with dozens of daily flights connecting Clark directly with Hong Kong, Macau, Taiwan, Singapore, Bangkok, Malaysia and South Korea. Clark is home to some of the best golf courses in Pampanga. Although golf continues to be one of the reasons why visitors from Manila travel to Pampanga, residents of Angeles City, Subic and Bulacan travel to Clark not just to play golf in one of the best golf courses in Pampanga but also to relax and unwind in the best resort in Philippines.

Hotels, resorts, vacation rentals, fine dining and family restaurants, bars and pubs, entertainment, nightlife, place of leisure, sports and recreation facilities in Clark and Angeles Pampanga are showcased for the convenience of visitors planning a getaway from Manila or a weekend out of town to relax and unwind in a clean and safe city.

Many residents of Manila, Angele City and Pampanga travel to Clark this summer for family bonding in a good resort in Pampanga. Trips and packages are offered by travel agencies for Manila residents to enjoy an out of town excursion with the whole family this summer. Family bonding in this resort in Pampanga is a memorable experience. This is also one of the best resorts in Pampanga that offers good picnic spots near Manila.

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.

Clearwater Resort & Country Club offers several styles of accommodation from US$65 up inclusive of breakfast for two at the beautiful Breakfast Garden Restaurant overlooking the large Clearwater lake and beach. This is a good rendition of the lifestyle that the Americans left behind after they left the Clark Airbase. A good short description of this lifestyle is suburban laid-back slow-paced clean living, very suitable for tourists and guests looking for a way to unwind from the stress of living in Manila.

In a city like Manila, most residents rely on visits to spa and beauty parlor to unwind and relax. But with a short getaway to Angeles City Clark Pampanga one can de-stress by enjoying beautiful outdoor amenities of this beach resort, savoring what nature can offer.

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)