SBMA repossess 3 more properties of erring locators

True to its mandate of utilizing land areas efficiently, the Subic Bay Metropolitan Authority (SBMA) has taken over three more properties inside this premier Freeport on Tuesday.

According to SBMA Chairman and Administrator Jonathan D. Tan, the agency took over two buildings from Parabion, Inc. at the Cubi Triboa District within the Subic Bay Freeport Zone, adding that the area has a size of 1,176 square meters.

“The company has committed contractual defaults that prompted the SBMA to take over their properties. One is failure to comply with development commitments, and two for non-payment of lease rentals and Common Use of Service Area (CUSA) fees,” he said.

The company has amassed a debt in CUSA close to 10 million pesos as of July 28 of this year.

“We already sent them a final notice of default with demand to pay on November 22, 2022, then we sent them a notice of pre-termination and repossession on July 28 that was served on August 10. This is pursuant to SBMA Board Resolution No. 23-07-0173 that was approved last July 4,” Tan added.

Tan also pointed out that the agency took over Bldg. 8321 along Zambales Highway, Cubi Triboa District, and Bldg. 8359 along Bataan Road, also in the Cubi Triboa District.

The third property that was taken over by the agency was owned by Ramphos Corporation, a company that manufactures and sells amphibious ultralight aircraft.

The property is a 966-square-meter portion of Bldg. 8045-C at the Subic Bay International Airport (SBIA).

The company has an expired lease agreement with the SBMA since September 11, 2020, prompting the eventual take over by the SBMA last September 5, 2023.

The chairman confirmed that the company has contractual defaults such as non-payment of lease rentals (building spaces), CUSA fees, ACC and SOA fees amounting nearly PhP10 Million as of July 28 of this year.

The SBMA chief urged companies inside the Subic Bay Freeport to pay their dues diligently to ensure their seamless business operations inside this premier Freeport. (MPD-SBMA)

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Subic eyed as distribution hub for ultra-light flying boats

An Italian company which manufactures ultra-light aircraft has relocated its base of operation in this premier free port to take advantage of Subic’s ideal position as product distribution center.

Ramphos Corporation, owned and operated by Italian designer Enos Gaiga, has been in the business of making ultra-light aircraft in Italy since 1998. However, seeing the huge potential of Subic in transhipping product to other parts of the world, Gaiga brought the business to Subic in 2015 and made his first ultra-light flying boat here last year.

“The reason we relocated here is the potential of transhipping our product to other parts of the world without much hassle,” Gaiga explained. “Moreover, Filipinos are great craftsmen when it comes to manufacturing boats and vehicles.”

Gaiga said the firm’s first ultra-light flying boat, which was called Ramphos amphibious, was made in 1998 for recreational use. The next year the model saw commercial production.

According to Gaiga, Ramphos flying boats are easy to fly and can be used for sight-seeing tours, fishing, adventure trips, search and rescue operations, sea and river patrol, light cargo delivery and even special military operations.

In 2003, Ramphos won the best trike of the year award at the Sun and Fun air show in Florida.

So far, Ramphos products have been sold in 32 countries worldwide, with the Ramphos amphibious priced at around P1.9 milion.

The flying boat has been certified under different civil aviation authorities, among them in Europe, United States, Australia, China, Canada and Mexico.

As a registered investor in the Subic Bay Freeport, the Ramphos Corporation plans to sell its ultra-light flying boats to resort owners and sports enthusiasts here.

Subic Bay Metropolitan Authority (SBMA) Administrator Wilma T. Eisma said the company is a welcome addition to the growing number of investors in Subic, and expressed optimism that more ultra-light flying boats are made in the Subic Bay Freeport. (JRR/MPD-SBMA)

PHOTO:

A Ramphos amphibious ultra-light flying boat takes off in Subic Bay last week, demonstrating the versatility of the leisure craft. (JRR/MPD-SBMA)

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