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SUBIC BAY FREEPORT - Amid the challenges brought by the coronavirus disease 2019 (Covid-19) pandemic to investors, the Subic Bay Metropolitan Authority (SBMA) managed to generate some PHP3.47 billion in revenues last year, which indicates an 8 percent growth in income, and other major accomplishments in key performance areas. SBMA chairman and administrator Wilma T. Eisma, in a statement on Wednesday said, "while a few indicators remain impacted by the Covid-19 pandemic, the general trend is upward where the SBMA was able to accelerate growth and surpass its performance in the previous year." She said the figure is PHP270 million or 8 percent higher compared to that of the same period in 2020. Eisma said most of the revenues came from leases and port operations, with land and building leases growing by 2 percent and contributing PHP1.38 billion, and seaport operations growing by 14 percent and generating PHP1.37 billion. She also reported that the agency's regulatory inco

Subic bayQuezon cityWilmat eismaSubic bay international airportDepartment of transportationSubic bay metropolitan authorityBay freeportBay freeport zoneSubic bay freeportSubic bay freeport amid the challenges brought by coronavirus disease 2019 covid 19 pandemic to investorsHe subic bay metropolitan authority sbma managed to generate some php3 47 billion in revenues last yearHich indicates an 8 percent growth in incomeNd other major accomplishments in key performance areas sbma chairman and administrator wilmat eismaNa statement on wednesday saidUot whilea few indicators remain impacted by the covid 19 pandemicHe general trend is upward where the sbma was able to accelerate growth and surpass its performance in previous year quot she said figure php270 million or 8 percent higher compared that of same period 2020 eisma most revenues came from leases port operations