SBMA retakes control of Grande Island due to lease violations

The Subic Bay Metropolitan Authority (SBMA) has resumed possession of Grande Island after ending its lease agreement with GFTG Holdings Corporation.

SBMA officials said the move followed a decision by the authority’s board to terminate the contract after the company failed to fulfill agreed development commitments.

A pre-termination notice was issued earlier, giving the lessee a fixed period to vacate the property before enforcement measures were carried out.

The takeover was completed earlier this month after SBMA served a formal repossession notice and proceeded with implementation following the holiday period.

GFTG has since filed a request seeking the revival of its lease, which is now undergoing review by a board-level committee.

The island drew heightened public scrutiny last year after the arrest of several Chinese nationals accused of conducting unauthorized surveillance activities.

Investigators said the suspects allegedly used drones and electronic devices to gather images and data related to naval operations in Subic Bay.

Grande Island’s strategic location overlooking key maritime passages has since fueled security discussions, including proposals to place the area under tighter government control. (thechronicle.com)