President Ferdinand R. Marcos Jr. has appointed eight new members of the Subic Bay Metropolitan Authority (SBMA) board of directors.
According to Palace press briefer Daphne Paez, the following are the latest appointees to the Board of Directors of the SBMA:
- Allan Troy Dandan Baquir - member representing the national government;
- Edilberto Salgo Mozo - member representing business and investment sectors;
- Tomas Fausto Lahom III - member representing business and investment sectors;
- Honorario Cabaguio Allado III - acting member representing the private sector;
- Jose Mari Balandra Ponce - acting member representing private sector;
- Kenneth Lemuel Go Ramentilla - acting member representing the private sector;
- Amable Bancod Tolentino - acting member representing private sector; and
- Maria Cecilia Bobadilla-Bitare - acting member representing the private sector
Under Sec. 13 (c) of Republic Act (RA) No. 7227, or the Bases Conversion and Development Act of 1992, the SBMA Board of Directors must be composed of 15 members from different sectors.
There must be two representatives from the national government; five representatives from the private sector coming from the present naval stations, public works center, ship repair facility, naval supply depot and naval air stations; and the remaining must be composed of representatives from the business and investment sectors.
The SBMA is the operating and implementing arm of the Philippine government for the development of the 670 square kilometer area of Subic Bay Freeport (SBF) into a self-sustaining tourism, industrial, commercial, financial and investment center to generate employment opportunities. (SNL)
Read related story here- https://www.pna.gov.ph/articles/1191662
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