More business missions from the “land down under” are now looking into possible investment opportunities inside this premier Freeport zone.
This was confirmed when the Chamber of Commerce and Industry Australia Philippines (CCIAP) Inc. visited here last September 20, 2024, as part of the Australia Inbound Mission for possible trade and investment opportunities .
The CCIAP, led by Leader Founder and President Connie De Cunha, was warmly received by Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño.
Aliño discussed the diverse capabilities of this ecozone in terms of shipping, tourism, renewable energy and manufacturing. He added that he hopes the CCIAP would encourage more Australian companies to locate here.
SBMA Business and Investment Department for Manufacturing & Maritime Manager Karen Magno delivered a presentation to CCIAP delegates showing the density of Australian companies based inside the Subic Bay Freeport Zone, and the perks they enjoy from settling here.
Australian companies such as DBA Global also shared their experience working inside the freeport zone. DBA Global President Darlow Parazo said that Subic Bay Freeport is one of the fast-growing business hubs in the Philippines.
“With its strategic location and skilled workforce, Subic Bay presents an exceptional environment for businesses eager to expand their operations in Southeast Asia. As one of the leading businesses in the area, DBA Global is committed to driving innovation and fostering growth within this community,” he said.
Subic Bay Taiwan Freeport Chamber of Commerce (SBFTCC) President Best Chang also shared his experience working inside the SBFZ, citing the numerous perks and benefits of locating here. He added that the companies conduct work efficiently with the assurance of the continued support from the SBMA.
CCIAP President Cunha expressed her gratitude to the SBMA, SBTFCC, and the Australian companies here for showing the delegation how it is to invest inside Subic Bay Freeport. The group also visited other government owned and controlled corporations as part of their mission.
The SBFZ houses numerous Australian-based companies, including brand names such as DBA Global and Dunbrae Subic Inc., which has provided hundreds of job opportunities for Filipino workers here.
Magno said that the top five biggest Australian locators include the steel fabrication company STG Global Corp. that has invested US$3.5-million; air transport company Platinum Skies Aviation Inc. with US$1.4-milllion investment; food processing equipment manufacturer Dunbrae Subic Inc. with US$860,000 investment; furniture manufacturer Beurteaux Subic Inc. with US$630,000 investment; and logistics hub Orica Philippines Inc. with US$610,000 investment.
She added that there are 24 Australian-based companies here with US$11.7-million worth of total investments and 643 employees, and the agency hopes to increase the number of investors from Australia very soon.
Back in August 2022, the Philippine Trade and Investment Center (PTIC) of Australia/New Zealand, in partnership with the Subic-Clark Alliance Development Council (SCADC) and the Board of Investments (BOI) accompanied Australian businesspersons to visit key viable investment sites in the Central Luzon area including this premier Freeport zone. (30)
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