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Showing posts with label S-Corp. Show all posts
Showing posts with label S-Corp. Show all posts

18 January 2019

Top corporate performers in Subic named

Twelve companies in the Subic Bay Freeport Zone received the 2018 Mabuhay Awards from the Subic Bay Metropolitan Authority (SBMA) for being the top performers last year.

SBMA Chairman and Administrator Wilma T. Eisma said the SBMA keeps tab of the performance of Subic companies and recognizes the best performers through the SBMA Mabuhay Awards.


In the ceremony, Eisma urged locators to continue to enshrine transparency and compliance in their operation “because it is only with transparency and compliance that we can ensure a stable and predictable environment for the country, and for the Freeport.”

The Subic business locators that received the citation were:

- Toyota Subic, Inc., which received the “New Business of the Year” award for demonstrating remarkable results in customer service, marketing, and competitive positioning since its opening here on Nov. 8, 2018;

- HHIC-Phil Inc., was cited as “Top Importer of 2017” and “Top Exporter of 2017” for attaining the biggest import value of US$388 million and export value of US$1.25 billion;

- Subic Duty Free Shops, Inc., which runs and operates Meatplus Café, received the “Responsible Tourism Award” for creating positive business impact and significant economic, environmental and social benefits as one of the most popular food outlets inside SBFZ with a consistent strong following from local and international tourists;

- Philippine Coastal Storage & Pipeline Corporation (PCSPC), was “Top Net Income Earner of 2017”. PCSPC operates the petroleum storage and pipeline facilities at the former US military bases in Subic and Clark, and its 160-hectare facility here includes a marine terminal, fuel storage tank farms and tank truck loading facilities;

- Brighterday Subic Ltd., Inc. which manages and operates All Hands Beach, was given the “Eco-Innovation Award” for its efforts in biodiversity conservation, particularly in monitoring and releasing more than 4,000 sea turtles to their natural habitats since 2011;

- S-CORP Philippines, Inc., which offers end-to-end transaction processing services, intricately linked enterprise information management systems, and personalized multi-channel communications solutions for over 3,500 clients in distinct industry verticals across the globe, received the “SME Employment Award” for its non-discriminatory hiring system and generation of remarkable number of jobs for local and indigenous people;

- Allied Care Experts (ACE) Medical Center – Baypointe, Inc., which operates a tertiary medical tourism facility, received the “Health and Wellness Business of the Year” award, for its Biggest Loser Program that drew 181 participants, and for regular Zumba classes conducted at its auditorium and view deck;

- Converge ICT Solutions, Inc., was the “Service Business of the Year for Information and Communication Technology Industry” for offering the country’s only Pure End-to-End Fiber Network and its advocacy to upgrade the Filipino web experience;

- Subic Enerzone Corp., an Aboitiz Power Corporation, Inc. company, was “Service Business of the Year for General Business and Investment Industry” for its commitment to deliver, at most reasonable cost, safe and reliable electric service to the people and businesses they serve;

- International Container Terminal Services, Inc. was “Service Business of the Year for Logistics” for serving the growing economy of the northern regions of the Philippines through world-class container handling services at the Subic Bay Freeport;

- One Subic Power Generation Corp., a subsidiary of PHINMA Energy Corporation, meanwhile, received the “Corporate Social Responsibility Award” for its Cawag Reforestation Project whereby around 3,000 coffee seedlings were planted by mobilizing both upland farmers and employee volunteers; and

- Subic Superfood Inc., which produces the Mt. Mayon Premium Pili Nuts, received the “Special Recognition Award” for its exemplary dedication and passion in turning its locally-sourced main raw material into a quality product that has brought pride and honor to the Subic Bay Freeport and the Philippines for being recognized in various prestigious and international awards. (RFD/MPD-SBMA)

PHOTO:

SBMA chief Wilma T. Eisma (center) and other SBMA officials congratulate winners of the 2018 Mabuhay Awards, which recognized top business performers in the Subic Bay Freeport (AMD/MPD-SBMA)

16 December 2015

SBMA confers awards to 15 top Subic Freeport investors

The Subic Bay Metropolitan Authority (SBMA) has conferred its first Mabuhay Business Awards to 15 business locators here who have strengthened the local economy and contributed significantly to the growth of the country’s gross domestic product.

Organized by the Office of the Chairman and Administrator and the SBMA Business Group, the Mabuhay Business Awards were given to the top 15 locators whose combined investments have reached a total of US$3 billion and together have employed over 40,000 workers.

“These locators have breathed life into the local economy,” said SBMA Chairman Roberto Garcia. “They have transformed vacant parcels of land into busy commercial establishments and factories; a target range into a leading shipbuilding facility in the world; and a marsh land into a hi-tech manufacturing facility producing high value electronic components used by global brands.”

“The awards we’re giving them are just a small measure of our appreciation in helping build the Subic Bay Freeport into what it is now,” Garcia added.

According to SBMA Deputy Administrator for Business Ronnie Yambao, the 15 investor-awardees were chosen from the 1,536 Freeport-registered companies based on their actual investments, jobs generated, and multiplier effect caused by the locators’ business operations.

For the general business sector, the awardees were: Honeywell Ceasa (Subic Bay) Co., Inc., a P435-million firm providing repair and overhaul of aircraft wheels, brakes and other aircraft equipment; Petron Freeport Corp., a wholly-owned subsidiary of Petron Corp., with P422-million investment in Subic; and Anglo Asia Commodities Corp., a P350-million investment engaged in export/import, warehousing, and transshipment of general cargoes and merchandise.

For the information and communication technology sector, the awardees were: PLDT Subic Telecom Inc., a P550-million project that provides telecommunications services in the Freeport; S-Corp Philippines, Inc., a P166-million company with 1,800 workers in the field of technology services; and Moon Kkang Talk, Inc., a P97-million investment with 173 workers that provides online direct response marketing, live order taking services, on-line learning center, among others.


For the leisure sector, those cited were: Subic Bay Town Center, Inc., with investment of P1.6-billion for the operation of the Harbor Point Mall; Royal Duty Shops Inc., also a P1.6-billion investment that engages in retail business; and Fertuna Holdings Corp, a wholly-owned subsidiary of Cosco Capital Inc., with P554M million committed investment in the field of retail, real estate, liquor distribution and other specialty business.

For the logistics sector: Philippine Coastal Storage and Pipeline Corp., with P3.4-billion worth of investment in fuel terminal and storage tank farm that can hold 4.6 million barrels of petroleum and petroleum-related products; Subic Bay International Terminal Corp., a P906-million company that manages and operates the New Container Terminal 1 and is committed to further develop the facilities; and Subic Bay Freeport Grain Terminal Services, Inc., with investment of P683 million for bulk grain handling for Central and Northern Luzon grain importers.

Then for the manufacturing and maritime sector, the awardees were: Hanjin Heavy Industries Inc., Phil., Subic’s biggest investor with over US$2 billion investment and a total of 33,863 workers; Sanyo Denki Phils., Inc., a P3.2-billion company with 3,500 workers engaged in the manufacture of electric machineries, appliances and computer and electronic wares; and Tong Lung Phils. Metal Industry Co., Inc., which has over P2.1 billion in investments and over 2,100 workers for the manufacture of residential and commercial locksets and door closer.

The Subic Bay Freeport and the Clark Freeport Zone in Pampanga remain to be major contributors to the country’s economic development, as their combined export values last year provided about 11 percent of the country’s gross domestic product (GDP).

The SBMA said that Subic and Clark’s combined export value last year amounted to around US$6 billion and was very significant to the gross regional domestic product (GRDP), which contributed 11 percent to the Philippine GDP. (RAV/MPD-SBMA)

PHOTO:
SBMA Chairman Roberto V. Garcia, along with other SBMA officials, joins locator-awardees during the first SBMA Mabuhay Business Awards ceremony held at the Subic Bay Exhibition and Convention Center on December 11, 2015. Fifteen of the biggest business locators here were recognized for their significant contribution in strengthening the local economy and to the growth of the country’s gross domestic product. (AMD/MPD-SBMA)