10 May 2010

Subic-Clark logistics hub targets $1-trillion industry

CLARK FREEPORT, Pampanga – Investors in two of the biggest freeports in the country declared recently that the next president should maintain the existing business structure and policies implemented in Subic and Clark in order to capture a share of the $1-trillion Asia-Pacific international logistics industry.

This was the consensus of some 500 public and private sector stakeholders involved in the recent forum attended by President Gloria Arroyo and officials of the Subic-Clark Alliance for Development (SCAD).

Subic-Clark Alliance Secretary Nestor S. Mangio revealed that the activity highlighted the Subic-Clark Logistics Corridor aim to grab the possible market share in the growing $1-trillion Asia-Pacific international logistics industry.

The groups of multi-businesssectors led by Dennis Wright, Chief Executive Officer of the Peregrine/Global Gateway Logistics Center, cited Ar royo for transforming Subic and Clark from “a shadow of decadence” to a vibrant activity center.

She was cited for the creation of the SCAD, the Bases Conversion Development Authority (BCDA), the Subic Bay Metropolitan Authority (SBMA), and the Clark Development Corp. (CDC), which “have worked hard with a vision that has brought about this wonderful story.”

However, the optimism among SBMA, CDC and SCADC officials, representatives from the business sector was also coupled with “a bit concerned” about the coming transition in government leadership.

“As in business, when there is a change in management, there would be some disruptions. Hopefully, the next administration would implement existing policies, and leave alone business so business will thrive,” said Subic Bay Freeport Chamber of Commerce president Danny Piano.

They also cited investments in vital infrastructure projects such as the Subic-Clark-Tarlac Expressway (SCTEX), Diosdado Macapagal International Airport (DMIA), Port of Subic Bay, Dingalan Road, among others, have created a seamless movement of goods and people to and from Subic and Clark.

It will be recalled that it was during the President’s 2004 inauguration when she articulated her vision of a Subic-Clark Corridor emerging as a world-class logistics hub, Mangio said. (Franco Regala, Jonas Reyes, Manila Bulletin)