2024 economic performance | SubicNewsLink

Showing posts with label 2024 economic performance. Show all posts
Showing posts with label 2024 economic performance. Show all posts

20 August 2025

Legacy Awards 2025 honors SBMA as Outstanding Government Agency

Subic Bay Metropolitan Authority (SBMA) Senior Deputy Administrator for Support Services Atty. Ramon O. Agregado (center) receives the Legacy Award 2025 Outstanding Government Agency (Special Economic Zone Management) award on behalf of Chairman and Administrator Eduardo Jose L. Aliño, together with Deputy Administrator for Corporate Communications Armina Belleza C. Llamas (2nd from right), and Social Development Division Chief Lex Byron R. Magrata (2nd from left).


The Subic Bay Metropolitan Authority (SBMA) was conferred as an Outstanding Government Agency for Special Economic Zone Management by the Legacy Icon Awards during the Gala Awards Presentation event held at the Grand Ballroom of Okada Manila in Parañaque City on August 15, 2025. 

 According to SBMA Chairman and Administrator Eduardo Jose L. Aliño, the award not only solidifies the agency's sterling performance as a driver of economic progress, but more importantly, as a stable source of employment for the 166,000-strong workforce from various municipalities and provinces within and contiguous to the zone. 

“Our mandate has never changed. We continue to employ the Filipino masses while generating income that the national government can utilize in building a better and brighter Bagong Pilipinas. What has changed is our desire to do more,” he said.

SBMA Senior Deputy Administrator for Support Services Atty. Ramon O. Agregado received the award on behalf of Chairman and Administrator Eduardo Jose L. Aliño

During the Legacy Awards 2025 Gala night, together with OIC Deputy Administrator for Corporate Communications Armina Belleza C. Llamas, Lex Magrata, and Carlos Andres from the SBMA Corporate Communications group.

“We accept this [award] as a constant reminder for us to improve our craft to provide excellent service and the best quality of life for our stakeholders,” Agregado said during his acceptance speech. 

He also shared the award and recognized the SBMA employees, the Freeport workers, and the previous leaders who navigated the agency, the “building blocks of this achievement.”

The award entry for the judges’ evaluation was the 2024 accomplishment report of the Agency, where dividends remitted to the national coffers totaled ₱3.07 billion, ranking 7th among the top 10 largest remittances from government-owned and controlled corporations.

Additionally, revenue shares in 2024, which were distributed by the SBMA to seven municipalities and a city contiguous to the Freeport, totaled ₱347 million.


Infrastructure projects at Subic Freeport are focused on enhancing the quality of life for its stakeholders. 


Initiatives include the socialized housing project known as Subic Bay Residencias, a new dormitory, the introduction of E-vehicles, and various ongoing enhancements throughout the Freeport. These developments offer glimpses into Subic's strategic development roadmap.

 

Dubbed “Legacy Awards 2025: Celebrating Excellence, Resilience, and Social Responsibility,” the Legacy Awards aim to recognize the nation’s most esteemed icons, trailblazers, and visionaries, not only for their accomplishments and legacies, but also for the inspiration they provide to individuals in the community. 

More than a celebration, the Legacy Awards 2025 is a living tribute to the spirit, resilience, and creativity of the Filipino people, inspiring today and shaping tomorrow. (MPD-SBMA) 

23 January 2025

Subic Freeport workforce pegged 4.8% increase at 164,400 in 2024







The Subic Bay Metropolitan Authority (SBMA) has pegged its 2024 workforce at 164,400 showing a minimal but steady increase of 4.8 percent.  

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño attributed the increase in the workforce to the number of orders in the manufacturing sector that drove the workforce from 2023’s 156,811 workers to this year’s 164,400.

He said that the manufacturing sector of the Subic economic zone employed 27,484 workers by 110 companies in 2024, compared to 21,433 workers in 2023.  

“And we are anticipating more employment opportunities in Subic Freeport because of President Ferdinand Marcos Jr.’s aggressive efforts to bring more foreign companies to invest in the country since it has been his administration’s thrust to create more jobs for Filipinos through foreign direct investments,” he said.

The manufacturing sector of Subic Bay Freeport has employed workers from Olongapo City (13,738), Bataan (3,843), Zambales (8,154), Pampanga (188), National Capital Region (140), Tarlac (79), and other areas (1,342).

Aliño added that the services sector of Subic’s workforce still has the biggest number of workers with 116,776 employees employed by 4,014 companies in 2024. It recorded an increase of 1,134 workers from 2024’s 116,776 employees, compared to 2023’s 115,642 employees.

The companies in the services sector employed workers from Olongapo City (46,857), Bataan (14,984), Zambales (17,999), Pampanga (4,419), National Capital Region (5,441), Tarlac (1,727), and other areas (25,349).

The shipbuilding/marine-related services sector, with 153 companies, recorded an increase of 309 workers to 6,187 employees in 2024 compared to 5,878 employees in 2023.

The male-dominated sector recorded 5,512 male workers and 675 female workers. It employed workers from Olongapo City (2,742), Bataan (693), Zambales (1,543), Pampanga (59), National Capital Region (347), Tarlac (11), and other areas (792).

Meanwhile, the number of employees in the construction sector reached 13,953 and employed by 320 companies. Another male-dominated industry, these 320 construction companies employed 13,357 male workers and 596 female workers coming from Olongapo City (4,749), Bataan (1,747), Zambales (2,214), Pampanga (603), National Capital Region (916), Tarlac (296), and other areas (3,428).

Aliño said that an increase of 95 workers was recorded in the construction sector, with 13,953 workers recorded in 2024, and 13,858 workers recorded in 2023.

The SBMA chief said that with the current trend the Subic Bay Freeport workforce is experiencing, any fluctuation in the country’s unemployment rate would not adversely affect the number of workers here since the steady increase is a good sign of a constant upward pace in the employment sector. (MPD-SBMA)