SBMA eyes ₱39 36-B Subic port expansion projects businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
SUBIC BAY FREEPORT -Some PHP32.98 billion in foreign direct investments (FDIs) approved in this premier freeport accounted for 71.34 percent of the total PHP46.23 billion approved by all Investment Promotion Agencies (IPAs) in the country during the second quarter of the year. Those investments were pledges approved by the following IPAs - Authority of the Freeport Area of Bataan, Board of Investments, BOI-Bangsamoro Autonomous Region in Muslim Mindanao, Clark Development Corp., Cagayan Economic Zone Authority, Philippine Economic Zone Authority, Poro Point Management Corporation, Tourism Infrastructure and Enterprise Zone Authority, and the Subic Bay Metropolitan Authority (SBMA). SBMA chairman and administrator Rolen Paulino said on Friday from PHP20.5 million approved investments in the same period last year, the figure has skyrocketed to a significant year-on-year leap of PHP32.98 billion this year. Paulino attributed the significant leap to the aggressive efforts of the SBMA busin
The Filipinos’ shipbuilding know-how since the ancient days has been well-documented and forward to these present times, a leading UAE shipbuilding company in the Middle East and North Africa has expressed interest in pushing up the number of its Filipino workforce up to half the total.
SUBIC BAY FREEPORT The al fresco cafés and open-air restaurants that happily thrive here are symbolic of how the Subic Bay Freeport coped with the economic challenges posed by the Covid-19 pandemic. Sidelined for a while when the entire Luzon was placed on lockdown in three instances in March to May…
Published June 10, 2021, 8:00 AM
The Subic Bay Metropolitan Authority (SBMA) is looking for partners in the Redondo Peninsula, which development is expected to open a new wave of economic activities in the area.
At the virtual Business and Investment Climate webinar by the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI), SBMA manager Karen Magno said the development of Redondo Peninsula will open more industries, such as renewable energy, industrial parks, and other support activities for the freeport locators.
“Of course, we would like to invite everyone. If you know someone who would like to be in partnership with SBMA for the development of the bridge and Redondo to open up new opportunities we will be very happy to discuss the details with you,” said Magno.