NEWS

CDC, Korean agency ink MOU for Clark Smart City project

June 20, 2022 2:52 p.m.

CLARK FREEPORT – Clark Development Corporation (CDC) and the Korea Land and Housing Corporation (LH) recently signed a Memorandum of Understanding (MOU) to bolster their partnership in developing the Clark Smart City project in this Freeport.

CDC President and CEO Manuel R. Gaerlan and LH Chief Executive Officer Kim Hyun Jun signed the pact for the “Clark Smart City Urban Development Project” during a simple ceremony held at the Clark Visitor’s Center.

Under the MOU, CDC and LH will work together to facilitate and attract potential investments, including but not limited to small and medium-sized firms that will contribute to the smart city project’s implementation.

Both parties also agreed to collaborate on enhancing trade, investment, and tourism activities in this Freeport for the efficient and successful fulfillment of the project. The smart city is envisioned to be developed in an approximately 104.8 hectares prime property within this Freeport.

In his speech, Gaerlan thanked LH for the support extended to CDC and for intensifying the developments in this Freeport.

“Clark Development Corporation values the support of the Korean Government, LH, Korea Overseas Infrastructure & Urban Development Corporation (KIND), and other counterparts since this (project) started a few months ago. We are very happy that we are now seeing the completion of the feasibility study for the project. I hope that this will be the start of a lasting partnership between CDC and LH, Korea and the Philippine government,” he said.

Meanwhile, Kim expressed optimism on the smart city project and commended CDC for the warm reception and hospitality shown to them during their visit in the Freeport.

“Thank you very much to President Gaerlan, Vice President Dennis Legaspi, and other officials for welcoming LH as if we were an old friend who came from a far, despite the difficult COVID-19 situation and for finding time despite your busy schedules,” he said.

The upcoming development of the Clark Smart City project was also the fruit of the concerted efforts of CDC officials from Engineering Services Group (ESG) led by CDC Vice President Dennis C. Legaspi and Corporate Planning Division (CPD) headed by its manager Arch. Tarcisius T. Tiotuyco.

Legaspi headed and directed the submission of CDC’s proposal for the K-City Network 2021 Smart City Development Planning grant competition. The proposal presented by CDC ranked 1st among the 111 entries from 39 countries evaluated on the program administered by the Korean Ministry of Land Infrastructure and Transportation (MOLIT).

In April of this year, CDC and LH formalized their commitment and collaboration on the project, which resulted in the completion of the feasibility study for the Clark Smart City Urban Development project.

The Clark Smart City development is the first project of its kind in the Philippines. It is also expected to serve as a blueprint for future developments in the Clark Special Economic Zone and other surrounding provinces.

**PARTNERS FOR SMART CITY DEVELOPMENT.** Clark Development Corporation (CDC) headed by its President and CEO Manuel Gaerlan (3^rd from left) and Korea Land and Housing Corporation (LH) Chief Executive Officer Kim Hyun Jun (3^rd from right) reinforced their partnership through the signing of a Memorandum of Understanding (MOU) that will facilitate the Clark Smart City Urban Development Project. Also in photo are (from left to right) CDC Vice President for Engineering Services Group Dennis C. Legaspi, CDC Director Marcelino Q. Malajacan, Jr., LH Director-General Lee Jee Soon and LH Director Bae Jeong Bok who witnessed the signing ceremony. (CDC-CD Photo)

NEWS

Satisfy your cravings with these best-selling Nanyang drinks

September 15, 2023 3:30 p.m.

Nanyang isn’t only known for its Laksa Prawn, Cheesy Chicken Chop Noodles and Singapore’s best selling Hainanese Chicken Rice and Kopi.

It also has several best-selling drinks to whet your appetite and satisfy your sweet tooth, such as Iced Teh Melaka, Kopi Jelly Milk Tea, Milo Dinosaur and Kopi O.

Head over to your nearest Nanyang branches nationwide.

NEWS

USA back on top; Germany takes Top 3 spot in FIBA World Ranking

September 15, 2023 1:28 p.m.

MIES (Switzerland) – The recent completion of the prestigious FIBA Basketball World Cup 2023 has produced some eye-catching positive climbs in the latest FIBA World Ranking Men, presented by Nike.

USA reclaim pole position with 786.6 points after benefiting from their consistency at major tournaments over the last three summers. Finishing in fourth place at the FIBA Basketball World Cup where they outperformed former number one nation Spain, their run to the Semi-Finals came off the back of winning an Olympic title at Tokyo in 2021 and also taking bronze at the FIBA AmeriCup 2022.

Recently crowned FIBA Basketball World Cup 2023 champions Germany have another slice of history to enjoy as they step into the top three of the rankings for the very first time after moving up a massive eight places and onto 759.7 points. Their stunning success made all the more incredible because of the fact they made the journey to the top step of the podium without tasting defeat.

Canada also have another reason to celebrate too, with their maiden FIBA Basketball World Cup medal fueling an even bigger rise of nine spots. They now occupy sixth position with 745.5 points.

Serbia performed in outstanding fashion to make the title game and their second-placed finish gave their fans something to be proud of. Those supporters can also now enjoy and reflect on their country being a top five nation again as they move up a place and into fifth position on 755.6 points.

Meanwhile, when it comes to the scale and impact of climbing the rankings in the upper echelon, nobody can match Latvia. They have rocketed up a staggering 22 places and into the top 10 after their heroic underdog displays which ensured they took fifth place at the FIBA Basketball World Cup. They now sit in 8th position on 743.7 points.

There were many other teams who impressed at the flagship event, including Brazil who recorded three wins in five games and moves up a place into 12th in the rankings on 660.5 points. The Americas region can also boast a nice move upwards of five places into 16th for Puerto Rico on 611.1 points, while Dominican Republic rise six spots into 18th place on 561.9 points.

There were also notable improvements for Georgia who move up 10 positions and into 23rd on 465.9 points, Japan jump 11 spots to 26th on 432.2 points and Lebanon claim an uplift of 16 places into 28th on 423.3.

One nation that truly made everyone sit up and take notice at the FIBA Basketball World Cup 2023 were first-timers South Sudan. They made history by beating China to claim a first win at the event, then pushing on to beat the Philippines and Angola. This has resulted in a sensational climb of 32 spots in the rankings. They now find themselves in 31st place with 375.5 points.

For more information about the method used in the calculation of the FIBA World Ranking Men, please refer to the “How It Works” section.

Click here to view the full FIBA World Ranking Men, presented by Nike.