Paulino cites banner year for Subic Freeport in SOFA - Punto! Central Luzon punto.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punto.com.ph Daily Mail and Mail on Sunday newspapers.
A total of 133 new investors with committed investments of P14.063 billion have been approved by the Subic Bay Metropolitan Authority (SBMA) in 2022.
A report by the SBMA Business and Investment Group showed the 133 new investors are also expected to employ 1,874 workers. Comparatively, there wer
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