Clark Development Corporation Suspends Fuel Royalty Fee to Aid Businesses and Workers
The Clark Development Corporation (CDC) has announced the suspension of its ₱1 per liter royalty fee on petroleum deliveries within the Clark Freeport. This strategic move is designed to help ease operational costs for locators and employees, reinforcing the agency's commitment to business continuity and workforce resilience during ongoing fuel supply challenges.
Proactive Measures to Ensure Stability
CDC President Agnes Devanadera met with gas station owners and operators in Clark on April 14 to align on measures that ensure reliable fuel supply and operational stability. During the meeting, Devanadera emphasized the critical role of fuel in maintaining business operations. "Fuel supply is essential to business continuity. CDC is committed to ensuring locators have the resilience they need to sustain operations and protect jobs," she stated.
The initiative reflects CDC's proactive support for locators and employees, reinforcing its role as a partner in sustaining growth and stability in the Clark Freeport. By suspending the royalty fee, CDC aims to mitigate financial pressures and foster a more resilient economic environment.
Key Officials Present at the Meeting
The meeting included several key CDC officials who contributed to the discussions:
- CDC Vice President for Legal Affairs Group Gloria Victoria Yap‑Taruc
- Assistant Vice President for Business Development Department Thelma Ocampo
- Assistant Vice President for Business Enhancement Department Rodem Perez
- Assets Management Division Manager Ahmed Mendoza
Their presence underscored the collaborative effort to address fuel-related challenges and implement effective solutions for the Freeport's stakeholders.
Impact on Clark Freeport's Economy
This suspension is expected to provide immediate relief to businesses and workers, reducing costs associated with fuel procurement. It aligns with CDC's broader strategy to enhance the competitiveness and sustainability of the Clark Freeport, ensuring it remains a hub for investment and employment in the region.
