Clark Development CEO resigns
By Tonette Orejas -- Inquirer
CLARK SPECIAL ECONOMIC ZONE -- The president and chief executive officer of state-owned Clark Development Corp. (CDC), which runs this special economic zone north of Manila, tendered his irrevocable resignation on Tuesday.
"I leave with a clear conscience, grateful for the opportunity to serve and be appreciative of our President Gloria Macapagal-Arroyo's leadership," says Antonio Ng's resignation letter dated Sept. 12.
Ng was said to be the last man standing among the officials close to Francisco Licuanan III, former chairman of the Subic Bay Metropolitan Authority and head of the Subic-Clark Alliance Development program, which aims to link Clark with the Subic Bay Freeport Zone as a growth catalyst.
Licuanan, who had retired as president of property giant Ayala Land Inc., resigned from the Subic Bay Metropolitan Authority in August last year over alleged politicking at the free port northwest of Manila.
Ng's resignation letter says, "For everything there is a season and a time. I believe it is now time for me to move on."
It describes his 18-month stint at CDC, which started on March 15 last year, as "fruitful."
His resignation, which will take effect Sept. 30, came after a more than month-long leave of absence.
Inquirer sources offered various reasons for his leaving. Some said it stemmed from his strict handling of the bidding for the privatization of the Mimosa Leisure Estate here. Others said it was the result of pressures by a lobby group in this province of Pampanga, from which President Arroyo hails, to install businessman Levy Laus at CDC.
Ng did not take calls from the Inquirer but sent a text message that he was busy in a CDC board meeting.
CLARK SPECIAL ECONOMIC ZONE -- The president and chief executive officer of state-owned Clark Development Corp. (CDC), which runs this special economic zone north of Manila, tendered his irrevocable resignation on Tuesday.
"I leave with a clear conscience, grateful for the opportunity to serve and be appreciative of our President Gloria Macapagal-Arroyo's leadership," says Antonio Ng's resignation letter dated Sept. 12.
Ng was said to be the last man standing among the officials close to Francisco Licuanan III, former chairman of the Subic Bay Metropolitan Authority and head of the Subic-Clark Alliance Development program, which aims to link Clark with the Subic Bay Freeport Zone as a growth catalyst.
Licuanan, who had retired as president of property giant Ayala Land Inc., resigned from the Subic Bay Metropolitan Authority in August last year over alleged politicking at the free port northwest of Manila.
Ng's resignation letter says, "For everything there is a season and a time. I believe it is now time for me to move on."
It describes his 18-month stint at CDC, which started on March 15 last year, as "fruitful."
His resignation, which will take effect Sept. 30, came after a more than month-long leave of absence.
Inquirer sources offered various reasons for his leaving. Some said it stemmed from his strict handling of the bidding for the privatization of the Mimosa Leisure Estate here. Others said it was the result of pressures by a lobby group in this province of Pampanga, from which President Arroyo hails, to install businessman Levy Laus at CDC.
Ng did not take calls from the Inquirer but sent a text message that he was busy in a CDC board meeting.
posted by OlongapoCity Zambales at
12:30 PM
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