Olongapo SubicBay BatangGapo Newscenter

Saturday, May 21, 2005

Businessmen urge Arroyo to support SM Clark project

By Mark Louie Roxas, Central Luzon Bureau

ANGELES CITY: Businessmen in Central Luzon have urged President Arroyo to persuade her cabalens here to help alleviate the acute unemployment problem in the region, especially in communities around the Clark Special Economic Zone

Romy P. Yusi Sr., regional governor for Central Luzon of the Philippine Chamber of Commerce and Industry Inc., asked the President to ignore the city council’s demand to suspend the construction of the SM Clark mega mall project pending a review of the mall contract.

Yusi, concurrent chair of the Metro Angeles Chamber of Commerce and Industry, scored the city councilors for unnecessarily delaying the construction of the mall through a council resolution seeking another review of the contract that allowed the establishment of the giant mall near the main gate of Clark Special Economic Zone.

Work on the P500-million shopping started soon after the Clark Development Corp. board approved the contract.

“Angeles City officials, especially its lawmaking body, should hasten the take-off of huge investments, like the SM mall, and enable thousands of jobless or underemployed residents to find jobs to stave off growing despair and poverty,” Yusi said

Citing the high unemployment rate in Pampanga, the local business leader expressed alarm over the mounting unemployed college graduates in Angeles City and its suburbs, many of them jobless for almost five years.

Yusi said SM mall developers should be allowed to continue the construction of the mall which will bring lasting economic benefit to the local populace.

“As has been estimated by studies that the SM mall at Clark will
create jobs for at least 12,000 individuals, both direct and indirect. I dare the city councilors who are opposing the Clark mall to provide an alternative project, with similar economic impact and scope of benefits,” Yusi said.

Yusi reported that about 5,000 job applicants from Angeles City,

Mabalacat and Metro Clark have been anticipating the opening of the mall.

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