Economic expansion leads to first-ever Clark-Subic bullet train
Silicon Valley – Could Clark be the next high-tech centre of excellence? Philippines Government focuses on Clark once again upholding the vision of Clark becoming the business process outsourcing centre (BPO) or the Silicon Valley of the Philippines.
As part of the current Philippine government’s economic expansion, Subic Bay Metropolitan Authority (SBMA) Chairman Martin Dino announced the plans to build the first-ever bullet train between Subic and Clark. This upholds earlier statements.
Subic is a freeport zone in Zambales – just an hour travel from Clark up north. These freeport zones are among the interests of many foreign investors in terms of strategic business locations. These areas have become “homes” of outsourcing companies because of their low costs whilst at the same time well-trained community to employ.
In an article published by GMA News, one of the leading TV stations in the Philippines, it is stated that the strategic planning process is being executed through a public-private partnership with a Chinese company. Chairman Dino, however, declined to name the firm.
On the sidelines of an inquiry by the House transportation committee, Subic Bay Metropolitan Authority (SBMA) Chairman Martin Diño revealed the country’s first-ever “bullet train” would be built between Subic in Zambales and Clark in Pampanga.
Diño said the bullet train project will be carried out through a public-private partnership with a Chinese company. He did not name the firm.
Diño said discussions on the railway project would be part of President Rodrigo Duterte’s state visit to China on October 18 to 21.
The Clark-Subic bullet train is among the topics President Rodrigo Duterte will discuss with the Chinese when he visits China next week, according to the SBMA official.
“It is our first bullet train. Hopefully, magawa agad [It is our first bullet train. Hopefully, it will be done sooner],” he told reporters.
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This plan to create a railway train station map is important for businesses so trading becomes faster, more readily available, and commuting costs reduced. It benefits companies, especially those who outsource in the Philippines, in various ways. Aside from faster trading times, business deals in the Philippines will expand wider, the revenue increases, hence more businesses will be attracted to invest.
BMG Outsourcing is one of the most respected Australian outsourcing companies in Clark that is already leveraging the benefits of outsourcing to the Philippines. Our years of experience means that our clients benefit from a mature approach to outsourcing, starting with the Outsourcing Readiness Program, through to implementation and ongoing improvements to your business systems in niche industries- whether be it accounting, loan brokers, online marketing or Virtual assistants.