07 May 2015

SBMA, Lyceum-Subic sign new lease agreement

The Subic Bay Metropolitan Authority (SBMA) has signed a memorandum of agreement with the Lyceum of Subic Bay (LSB) for the extension of the lease of school premises here for another 25 years.

SBMA Chairman Roberto Garcia and LSB president and CEO Alfonso Borda signed the agreement at the LSB at the start of the month-long celebration of the school’s eleventh foundation anniversary.

The agreement grants LSB another 25-year lease of its present site, effective upon the expiry of its present contract in October 2015. The new agreement is renewable for another 25 years upon mutual consent of both parties.

Addressing officials and students who witnessed the event, Borda recalled that the school started out eleven years ago with just three rented spaces that served as classrooms.

“From three ‘carcass’ facilities, we have grown into a successful school complete with all the necessary facilities that our students need to have better education,” Borda said.

“For this, we are very thankful for the support of SBMA,” he added, noting that the new lease agreement is a testimony of the trust and confidence that the SBMA has bestowed upon Lyceum of Subic Bay as a partner in the provision of quality education for students and the labor force in the Subic Bay Freeport Zone.

“To date, our population has increased to 1,500 students taking baccalaureate and TESDA-accredited courses such as travel management, auto-mechanic, hotel and restaurant management, among others,” Borda said.

He added that as part of the renewed lease agreement and to show gratitude for SBMA’s continuous support, Lyceum is opening up to 100 slots in the school’s scholarship program to students endorsed by the SBMA to attend any of the courses/programs offered by the school.

The signing of the new agreement was also witnessed by SBMA director Benjamin Antonio III, SBMA Deputy Administrator for Administration Fernando de Villa, SBMA Deputy Administrator for Legal Affairs Randy Escolango, SBMA HRD manager Lilia Elizabeth Hinanay-Escusa, and top officials and administrators of the Lyceum of Subic Bay. (RAV/MPD-SBMA)


SBMA Chairman and Administrator Roberto V. Garcia (left) shakes hands with Alfonso Borda, President and CEO of Lyceum of Subic Bay, after signing a memorandum of agreement for the 25-year extension of the lease for the Lyceum campus in the Subic Bay Freeport Zone. Also in photo is SBMA Deputy Administrator for Administration Fernando De Villa, who served as one of the witnesses. (AMD/MPD-SBMA)