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SUBIC BAY FREEPORT - The Subic Bay Metropolitan Authority (SBMA) has approved new investment proposals worth a total of PHP16.2 billion, reasserting this freeport's claim as one of the biggest business destinations in the country. SBMA chair and administrator Wilma T. Eisma said on Monday the new investments are expected to create a total of 72,722 new jobs in the freeport zone. The new business proposals, she noted, were made by 40 companies that sought registration as Subic business locators from July to September, as well as by three existing locators that pledged additional investments for expansion projects totaling PHP49.44 million. The new investments consisted of 15 projects under the leisure industry, 13 in general business, 11 in logistics and one in information and communications technology, while the expansions were all under the manufacturing sector. According to the SBMA Business and Investment Group (SBMA-BIG), the new projects approved in the third quarter of this y

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