SUBEX 2026 Opens New Opportunities for Subic Bay’s Industrial Growth

Subic Bay is strengthening its position as an investment destination by highlighting a capability that extends beyond its established maritime and logistics operations: its manufacturing sector and its potential to connect local producers with regional and global supply chains.

This was among the key messages of the inaugural Subic Bay Freeport Expo (SUBEX 2026), held on October 20–21 at the Subic Bay Exhibition and Convention Center. Organized through the collaboration of the Subic Bay Freeport Chamber of Commerce (SBFCC), the Subic Bay Metropolitan Authority (SBMA), and the Philippine Chamber of Commerce and Industry (PCCI), the expo brought together businesses, investors, government representatives, and industry stakeholders to explore opportunities for industrial growth and commercial partnerships.

With the theme “Subic Bay Unbound: The Next Frontier of Global Trade” and the tagline “Navigating Secure Supply Chains and Advanced Industries,” SUBEX highlighted the Freeport's industrial capabilities and its potential to support more integrated manufacturing and logistics networks.

Showcasing What Subic Can Produce

SBMA Chairman and Administrator Eduardo Jose L. Aliño emphasized the importance of showcasing products manufactured within the Freeport, allowing prospective buyers to identify local suppliers and explore business opportunities directly with producers.

The expo's exhibition booths demonstrated the range of products and capabilities available in Subic, including machinery, motors, and other manufactured goods.

Aliño also underscored the complementary roles of manufacturing and logistics. Subic's port facilities and logistics services can support manufacturers by facilitating the movement of imported raw materials, production inputs, and finished goods destined for domestic and international markets.

Greater coordination among manufacturers, suppliers, and logistics operators could help establish more integrated supply chains, generate employment, and expand economic activity within the Freeport.

The approach reinforces the value of developing Subic not merely as a point of entry and exit for cargo, but as an industrial location where production, storage, distribution, and international trade can operate as part of a connected business ecosystem.

Manufacturing as a Driver of Economic Growth

SBFCC President Benjamin “Bobong” Antonio III likewise called for a stronger manufacturing base, emphasizing its potential to create jobs, develop local suppliers, and improve the Philippines' competitiveness in global markets.

Manufacturing, logistics, and tourism remain important pillars of the Subic Bay Freeport economy. However, strengthening manufacturing can create additional opportunities for businesses supporting production, including equipment suppliers, packaging companies, transport operators, warehousing providers, and other service enterprises.

A more robust manufacturing sector could also help local businesses move beyond supplying the domestic market and develop the capacity to participate in international trade.

Antonio highlighted the importance of creating a business environment in which Filipino manufacturers can compete effectively. This requires more than entrepreneurial capability alone; it also depends on reliable infrastructure, supportive policies, adequate incentives, and sustained cooperation between government and industry.

For Subic, these considerations are particularly relevant as the Freeport seeks to attract new investments while supporting the expansion of existing locators.

Connecting Subic to Emerging Asian Manufacturing Networks

SUBEX 2026 also provided a venue for discussions on regional manufacturing and the changing requirements of global supply chains.

Among the featured sessions were “The Pan-Asian Advantage: Capitalizing on Japan, Taiwan and the Philippines' Multi-Sector Manufacturing in Subic” and “The PAX Silica Blueprint: Powering the Luzon Economic Corridor.”

These discussions explored opportunities to connect manufacturers and suppliers across Asian markets while aligning Subic's industrial and logistics capabilities with emerging investment developments in Central Luzon.

The Luzon Economic Corridor presents an opportunity to strengthen connectivity among key economic centers, including Subic, Clark, Manila, and Batangas. As investments in advanced manufacturing and other strategic industries develop, the demand for reliable ports, industrial facilities, utilities, and supply-chain services is also expected to become increasingly important.

Subic's established maritime infrastructure and concentration of industrial and commercial enterprises provide a foundation for participating in these wider networks.

The Freeport's potential role extends beyond handling cargo for businesses operating within its boundaries. Subic-based enterprises could also explore opportunities to provide products, warehousing, cargo handling, distribution, and other services to companies operating in Clark and other areas connected to the corridor.

Realizing these opportunities, however, will require coordinated investment promotion, infrastructure development, and stronger commercial linkages between enterprises across the region.

Infrastructure and Policy Certainty Matter

The discussions at SUBEX also underscored the importance of addressing the infrastructure and policy requirements of industrial development.

Reliable water and power supplies, efficient transport connections, and adequate industrial facilities are essential to supporting manufacturing expansion and attracting new investments. These requirements become particularly significant for industries with substantial utility needs, including advanced manufacturing and data center operations.

Aliño highlighted the importance of preparing adequate water resources for future industrial development, including the potential application of rainwater collection and desalination to help meet operational requirements.

Policy certainty is equally important. Investors need confidence that the regulatory and incentives framework supporting their operations will remain clear and predictable.

As Antonio emphasized during the expo, investment promotion must be supported by the policies, infrastructure, incentives, and collaboration necessary to sustain business competitiveness.

For the Freeport, maintaining a supportive investment environment while strengthening its infrastructure and industrial capabilities will be important in attracting new locators and encouraging existing enterprises to expand.

Building a More Integrated Freeport Economy

SUBEX 2026 highlighted an opportunity for Subic Bay to build on its established strengths while broadening its contribution to the regional economy.

Its port facilities provide access to international markets, while its industrial estates, manufacturing enterprises, and logistics service providers offer opportunities to connect production with distribution and trade.

Bringing these capabilities closer together could create new commercial relationships among existing locators, attract complementary industries, and help local suppliers participate in larger supply chains.

The expo also demonstrated the value of collaboration among SBMA, business organizations, industry stakeholders, and other government agencies in identifying investment opportunities and addressing the requirements of industrial growth.

As supply chains evolve and investment opportunities emerge across Central Luzon, Subic Bay is positioned to build on its maritime and logistics strengths while further developing its manufacturing base.

The broader objective is to establish a more integrated Freeport economy—one in which manufacturers produce, local suppliers participate, logistics operators connect markets, and businesses benefit from opportunities created by regional and international trade. (SNL)

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More potential business opportunities in Subic Freeport after US trade mission

A United States delegation is eyeing more potential business opportunities here as part of a profile business mission in line with the initiatives of the Luzon Economic Corridor (LEC). 

According to SBMA Chairman and Administrator Eduardo Jose L. Aliño, the delegates from the U.S. Northeast, Midwest, and West Coast regions visited on July 8, 2026 to participate in the said business mission that will strengthen partnerships, expand business opportunities, and foster a prosperous future for both U.S. and Philippine enterprises.

With the theme “Driving the Future of U.S.–Philippine Trade Through Innovation,” Aliño said that the mission reflects the SBMA's commitment to enhancing international cooperation and economic growth within the Subic special economic zone.

The delegation, composed of 25 executives and investors, conducted comprehensive discussions, site visits, and networking activities with SBMA officials and Subic company officials, all designed to showcase the potential and advantages of investing in the SBFZ. 

Subic Bay Freeport Chamber of Commerce (SBFCC) President Benjamin Antonio III, together with SBFCC Executive Director Donna May Tamayo also joined to take part in a rare opportunity to build strong, lasting business relationships that will drive economy not only in the Subic special economic zone but ultimately the country as a whole.

The Philippine Trade and Investment Center (PTIC) in New York, the facilitator of the said U.S. Business Mission to the Philippines, said that the main goal of the trip is to create stronger economic ties and encourage more US companies to invest in the country’s growing economy.

Aside from Subic Bay Freeport, the delegation also visited areas in Manila, Clark, and Corregidor Island to conduct business meetings, informational briefings, and tours of these major economic areas that are part of the LEC.

“The trip comes at a time when the Philippines is actively working to welcome international businesses and establish itself as a key partner for US companies looking to grow in Asia,” the PTIC said.

Officials from Worldwide Shipping & Logistics (WSL), who were also part of the delegation, said that these engagements strengthened economic cooperation and opened new opportunities for trade and investment between the United States and the Philippines.

WSL Co-Founder Mrs. Richelyn Toth and General Manager Ms. Sherilyn Mecinas were among the 25 delegates who participated in high-level meetings, investment discussions, site visits, and strategic networking opportunities with leaders from government, industry, and the private sector. 

The said business mission follows the Philippines’ inclusion in the Washington-backed Pax Silica bloc — an initiative aimed at securing global artificial intelligence (AI) supply chains.

As part of Pax Silica, the Philippines and the US announced in April, plans to develop a 1,618-hectare AI-native hub in New Clark City in Tarlac, which is expected to attract investment in AI and chip manufacturing. (MPD-SBMA) 

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SBMA chair Aliño highlights Subic Bay’s Green Port vision in his 1st SOFA

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño disclosed the agency's new vision to transform Subic Bay into a Green Port City and a key player in the regional cruise industry. 

The SBMA chief made this revelation during his first State of the Freeport Address (SOFA) at the Subic Bay Exhibition and Convention Center (SBECC), while sharing his accomplishments during the past year.

Aliño delivered the 17th SOFA before members and the board of directors of the Subic Bay Freeport Chamber of Commerce (SBFCC), officials from the Philippine Chamber of Commerce and Industry (PCCI), SBMA Directors, LGU officials, and other stakeholders, in line with the celebration of the 30th anniversary of the SBFCC. 

In his address, Aliño revealed that the SBMA is positioning the SBF as a leader in sustainable port operations, highlighting the shore power system initiative that will reduce air pollution by 95%.

 

“Our growth to be the green port city, driven by collaborative growth in business and investment, channels a new dimension to pursue our mandate. But this channel is not just the SBMA's vision and mission; we will need your help, your partnership, and your commitment,” Alino stated.

To support this vision, the SBMA is set to construct a dedicated cruise terminal within the next few years, further enhance its port facilities, and expand its international network through sister port agreements with the Port of San Diego in California, Osaka Port in Japan, and other key locations.

 

He highlighted the SBMA’s success in regaining investors that led to a surge in infrastructure investments, economic activities, and a plan to develop Subic Bay into a major regional cruise hub and stopover for cruise ships both as a home port and turnaround hub.

 

Technological advancements to improve port navigation and security were also introduced with the installation of the country's most advanced Vessel Traffic Management System (VTMS), which enhances real-time vessel monitoring and ensures safer, more efficient port operations.

 

Aliño also cited the SBMA’s ongoing efforts to integrate sustainability into its development plans, ensuring that growth does not come at the expense of the country's natural environment.

 

He then outlined a series of projects aimed at boosting the Freeport’s position as a leading investment destination, including the development of new industrial parks, expansion of digital infrastructure to support the growing tech sector, and the establishment of Subic Bay as a hub for sustainable and green industries.

 

Key accomplishments of the past year were reported, underscoring the SBMA's dividend contribution to the national coffers, which landed the agency in the top seven.

 

“Aside from the dividends that we contribute to the national government, neighboring communities also get their share of revenues derived from corporate taxes. So I would like to thank our locators for paying their taxes because as you can see, here, your taxes go a long way, especially in funding infrastructure projects in road rehabilitation and other development projects for our communities,” Alino said.

 

He also discussed the expansion projects of two locators, namely, Sanyo Denki and Nidec, that are poised to generate a total of 6,500 jobs.  Employment generation is a primary mandate of the agency that is anchored on the Philippine Development Plan (PDP) for 2023-2028 of President Ferdinand Marcos Jr.’s administration, to strengthen and build a good community here in Subic Bay by improving the quality of life of its stakeholders.

 

“We hope that the plans and programs we have shared with you pave the way toward even closer cooperation among us.  Because in Subic, we care...for our shared future, and our shared aspiration of growth and progress for all,” he added. (SNL)

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30 Subic companies honored at the Mabuhay Business Awards

30 freeport locators were recognized during the annual Subic Bay Metropolitan Authority (SBMA) Mabuhay Business Awards 2024 held at the Subic Bay Exhibition and Convention Center (SBECC) on December 13, 2024.

SBMA Chairman and Administrator Eduardo Jose L. Aliño explained that the 30 awardees were recognized, out of the 1,909 locators, for their exceptional contribution to the business growth of the Subic Bay Freeport Zone this year. 

Aliño added that the SBMA Mabuhay Awards embodies the agency’s commitment to recognizing the outstanding contributions of these locators who have significantly impacted the domestic economy; hence, “Mabuhay.” It symbolizes life, enthusiasm, and positivity.

Senior Deputy Administrator for Business and Investment Renato W. Lee III said that these 1,909 companies not only contributed to the business growth of the Subic Bay Freeport but also provided employment to 162,891 workers.

“Aggregate investments amounting to P577.99 billion as of the third quarter of 2024 accrued to the SBMA and the Total Operating Revenue generated from 1992-2023 has amounted to P64.36 billion. In the first half of 2024, the SBMA released a total of P204.7 million Net Revenue Shares, higher than last year’s same period,” he said.

“This is why the SBMA holds the Mabuhay Business Awards, to recognize our top performing locators. 

This year, after a rigorous deliberation, the SBMA has determined the 30 top performing Subic Bay Freeport locators,” he said.

For the Micro Small and Medium Enterprise (MSME) of the Year Award, the awardees were the MJY 88 Medical Clinic, La Banca Travel and Tours Corp., and the Grand Food Venue Corp. that owns Xtremely Xpresso, Subic Ben’s Kitchen and Iron Grill Asian Fusion.

For the New Business of the Year, the recipients were Skarya Builders Inc., Maritime Expert General Services Corporation, Bistro Italiano Corp., Good Manufacturing Leathers Inc., Intelligent Outsourcing Inc., MSK Group Work Incorporated, Strategic Channel for Career Development Corporation, Swire Agrotech Agricultural Products Inc., Pure Petroleum Corporation, Sands of Triboa Resorts and Spa Inc., Subic Bay Yacht Club., Norden Subic Entrepreneurs Inc., and Grainpro Philippines Inc.

For the Top Importer of the Year, the award was given to Raizen Asia PTE. LTD., while the Top Exporter of the Year went to the Sanyo Denki Philippines Inc.

For the Eco-Innovation Award, the SBMA hailed the Subic Smart Community Corporation.

Subic Bay Town Center, Inc. bagged the Health and Wellness Business of the Year award. 

The SBMA hailed the Philippine Coastal Storage and Pipeline Corporation for the Corporate Social Responsibility Award. 

For Business Developer of the Year, the awardees were Aolly Home Inc. and  Sachi Subic Inc.

The accolades for the Loyalty Business Award were given to Idess Interactive Technologies Inc., Subic Bay Multi-Purpose Cooperative, MOF Company Subic Inc., Royal Duty-Free Shops Inc., and Mikuni Terminals Mechatronics Philippines Corporation. 

The top performer for Excellence in Occupational Health and Safety Practices was Tong Lung Philippines Metal Industry Co. Inc.

Meanwhile, a Special Award was given to the Subic Bay Freeport Chamber of Commerce Inc. 

Lee said, “Our awardees do not only have remarkable profiles in terms of their economic growth contributions but they also have shown exemplary and notable accomplishments in delivering quality service, and have gone the extra mile to contribute to the sustainable development of the Subic Bay Freeport Zone and its neighboring communities.”

He added, “As the SBMA continues to thrive in our mission to maintain investor confidence and to empower our people and communities through shared stewardship and good governance, the agency will not falter in acknowledging our locators’ contributions and accomplishments. And this is one of our ways to show you how important you are to us, the Mabuhay Awards.” (MPD-SBMA) 

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More Aussie firms eye Subic Freeport as prime investment location

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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Tan bares 10-pt. agenda as new strategic direction for SBMA, SBF

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Jonathan D. Tan bared his ten-point priority development plan before the officers and members of the Subic Bay Freeport Chamber of Commerce (SBFCC) early this week. 

Tan was guest of honor at the SBFCC Membership Meeting and CEO’s/President’s Forum held at the LeCharmé Suites-Subic where he gave an update about the developments and plans for his term. 

Looking back at the past four weeks he spent as SBMA Chairman and Administrator, he said that he already learned an important lesson. 

“Pressure and challenges are opportunities for us to step-up and rise. While it takes a lot of courage to believe in yourself, but strength doesn’t come from what you can do, but from overcoming the thought that you can’t do it. Adversity may have its way of challenging our inner strength, yet it is necessary to build our character as leaders. Thus, I stand before you today, guided by a clear purpose and direction for the Subic Bay Freeport,” he said. 

During his speech, he challenged everyone that moving forward means letting go of “what’s no longer working,” which is not only applicable to the agency but to the entire Freeport as well. 

With this, Tan said that his administration would be implementing a new strategic direction taken after his name’s initials, which is anchored on three economic thrusts, namely: J for jobs, or creating more jobs for the people; D for development, or encouraging more investors by making the Freeport a competitive business hub; and T for tourism, or making one’s stay at the Freeport relaxing while doing business. 

He added that the development agenda is in support of the socioeconomic targets of President Ferdinand R. Marcos, Jr., which is in line with the “whole-of-society approach” of the national development. 

His extensive update tackled the following points: (1) Implementation of “Ease of Doing Business; (2) Improvement of Investment Climate at the Freeport; (3) Increase Job Opportunities for the People; (4) Construction of the Corporate Center; (5) Adoption of Smart City Initiative; (6) Prioritization of Infrastructure Development; (7) Improvement of Public Transport Services; (8) Enhancement of Ground Maintenance and Street-lighting; (9) Reinforcement of Safety and Security within the Freeport; and (10) Creation of a Tourism Development Plan. 

Meanwhile, SBFCC President Benjamin Antonio III, on behalf of the members of the chamber, expressed support and cooperation with the SBMA with Tan at the helm. 

Likewise, Tan expressed commitment to uphold the agency’s partnership with the chamber by constantly improving and establishing a business-friendly environment. 

The event culminated with a moderated forum between the members of the chamber and the SBMA Chairman and Administrator. 

The SBFCC is an organization of businesses founded in 1995 to serve and represent the interests of its members, who come from more than 20 countries around the world. It represents 80% of the economy flow in the Freeport. (MPD-SBMA)

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Paulino reports banner year for Subic in State of the Freeport Address (SOFA)

“New investments, increase in revenues, new infrastructures, and influx of tourists highlighted 2022.”

This was the statement made by Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Rolen C. Paulino during his State of the Freeport Address (SOFA) held at the Subic Bay Exhibition and Convention Center (SBECC) on Tuesday.

Paulino cited, “2022 was a banner year for the SBMA despite the challenges during the past year. All revenue collections of the Trade Facilitation and Compliance Department, Business and Investment Departments, Seaport, Airport, Labor and Tourism Departments have increased compared to 2021 figures. And even surpassed pre-pandemic performance.”

Paulino reported that from these revenues, the SBMA has turned over P1.33-billion worth of dividends to the National Treasury in 2022. He added that this is higher by 20.21 percent to 2021’s P1.11-billion worth of dividends.

The SBMA was also able to help provide revenue shares to the contiguous communities of the Subic Bay Freeport Zone as stated in Republic Act 7227 as part of their revenue shares.

Paulino said that in Zambales, Olongapo City received P74.88 million, followed by Subic Town with P48.77 million, Castillejos with P29.74 million, San Marcelino with P38.54 million and San Antonio with P27.45 million.

He added that in Bataan, the town of Morong received a revenue share of P28.1 million, Hermosa with P33.81 million, and Dinalupihan with P39.98 million. Paulino said that the total revenues that the SBMA shared for the contiguous communities here amounted to P321.27 million for 2022.

“Back in July, Subic Bay Freeport was conferred as the Number 1 Tourist Destination in Central Luzon, and Number 5 in the Philippines in 2021 despite the Covid-19 Pandemic. We are determined to keep that reputation as by the end of 2022, we recorded 9.4 million same-day visitor arrivals in the Freeport,” he said.

The official also cited that his Fast, Friendly, and Flexible business practice has increased the number of approved new investment projects inside the Subic Bay Freeport Zone.

“As an indicator of investor confidence, 38 Subic Freeport locators will be implementing their expansion projects amounting to P36.34 billion. That is a significant jump from P591 million in 2021, let alone P160 million in 2020, which were still during the pandemic,” he cited.

He added that during the same year, 133 new investment projects with committed investments amounting to ₱14.06 billion.

Paulino added  that the top new projects in terms of committed investments are Northern Palawan Power Generation Corporation with P7 billion, followed by UNCO United Oil and Gas Philippines, Inc. with P1.9 billion, then Tawi Tawian Petroleum Trading Corporation with P1.5 billion, and Agila Subic Compass, Inc. with P1.1 billion.

“For the expansion projects, Vectrus topped in terms of committed investments, committing an additional P14.52 billion, followed by Agila South, Inc. with P10.74 billion, and Agila NY Naval Inc. with P6.28 billion, and of course, Nidec Subic Philippines Corporation with P4.2 billion,” Paulino said.

Meanwhile, the current workforce of the Subic Bay Freeport recorded 149,681 employees in 2022 and is expected to augment another 4,700 workers as new approved projects commence operations and current investors start implementing their expansion projects.

For this, he acknowledged the neighboring local government units for augmenting the manpower requirements of the Freeport investors.

The SOFA is an annual event of the Subic Bay Freeport Chamber of Commerce (SBFCC) where members are given a heads-up on the accomplishments of the SBMA from the previous year as well as a glimpse of the plans and programs for implementation by the Agency. (MPD-SBMA)

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Subic Freeport braces for tourists influx for Holy Week

The Subic Bay Metropolitan Authority (SBMA), in anticipation of high influx of tourists and devotees coming here, has lined up weeklong activities, in observance of the Holy Week celebration in the “new normal.”

During the opening of the Weekend Eco-Market over the weekend, SBMA Chairman and Administrator Rolen C. Paulino said that Subic is almost in full swing opening more areas of destinations for more guests to visit.

“SBMA is again open. I really wanted people to come here in Subic during the Holy Week. But with what I see, it is more than I expected,” Paulino said.

Paulino’s appointment as SBMA Chairman and Administrator coincided with the decision of the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID), downgrading Region 3 to Alert Level 1. He also vowed to make Subic Bay Freeport one of the most visited places in the country.

Over the weekend, the Chairman spearheaded the opening of the Subic Bay Weekend Eco-Market, an outdoor flea market located near the San Roque Chapel where some 30 micro, small and medium enterprise businesses from Central Luzon sell fresh and processed fruits, vegetables, meats, handicrafts and more.

Open from 8:00 AM to 3:00 PM, the Subic Bay Weekend Eco-Market, in partnership with the Department of Tourism (DoT) and the Department of Trade and Industry (DTI), aims to help revive tourism and economy in the area, and will run all weekends until end of May.

Moreover, the Subic Bay Freeport Chamber of Commerce (SBFCC) also opened 2022 Subic Bay Banchetto and trade fair for the span of the Holy Week period, and provide a venue to unwind after the working class went back to work on a 100 percent complement.

“Since Region 3 was placed under Alert Level 1, we all have been working hard. And the Banchetto was organized in time for the Holy Week to give ourselves a much-deserved break,” said Benjamin Antonio III, SBFCC president and Subicwater chief executive officer and general manager.

He said that the Banchetto is also in partnership with the DoT and DTI aiming to revive tourism and economy as micro, small and medium enterprise businesses joined the trade fair.

The Banchetto will run daily from 4:00 PM to 1:00 AM, from Palm Sunday to Easter Sunday only.

Meanwhile, for devotees of the religious activities, San Roque Chapel started the Holy Week with the Blessing of Palm, locally known as palaspas, the re-enactment of the entry of Jesus to Jerusalem, and the Station of the Cross.

On Holy Monday (April 11) until Holy Wednesday (April 13), there will be the “Pabasa sa Freeport,” the chanting of the life, passion and death of Jesus, from 8:00 AM onwards. A Holy Mass follows at 5:00 PM, and a religious procession at 6:00 PM.

On Maundy Thursday (April 14), there will be Holy Mass and Washing of the Feet (5:00 PM), to be followed by a Holy Mass at 6:00 PM. And the start of Visita Iglesia (7:00 PM- 12:00 MN).

On Maundy Thursday (April 15), Private Station of the Cross (6:00 AM- 12:00NN/SRC), Liturgy of the Word and Veneration of the Cross (3:00PM/ SRC). The Grand Procession follows at 6:00 PM.

Good Friday (April 17), the much-awaited Salubong (4:00 AM), the pre-dawn meeting of the images of the Risen Christ, and the grieving Mother Mary. Procession starts in front of Dispensary Building and the other is at Spanish Gate. Holy Mass at 5:00 AM. Easter Egg Hunting begins at 11:00 AM at San Roque Chapel.

The visitors can also take the opportunity to join the procession (Holy Wednesday) and the grand procession on Good Friday.

Chairman Paulino said that because of its security and cleanliness, the Freeport is a favorite vacation rendezvous with the family to remember the sufferings of Jesus, the meaning of His death, and His resurrection.

“As we would have wanted to have Alert Level 0, and come up with a better normal in the Freeport, we still enjoin everyone to follow minimal health protocols. Wear your face masks and sanitize your hands with alcohol whenever possible. Let us all stay safe,” Paulino said. (MPD-SBMA)

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State of the Freeport: SBMA reports P3.2-B earnings, 69 new projects despite Covid-19 pandemic

While the Covid-19 pandemic derailed global economic growth, the Subic Bay Metropolitan Authority (SBMA) reported continuing growth in the Subic Bay Freeport Zone in 2020, including P3.2 billion in operating revenue, 69 new investments and expansion projects worth a total of P1.55 billion, and exports of $1.03 billion.

SBMA Chairman and Administrator Wilma T. Eisma, in her State of the Freeport Address (SOFA) that was streamed online on Thursday, attributed Subic’s remarkable growth last year to sound economic fundamentals and strict adherence to government health protocols.

The SOFA presentation, an annual project of the Subic Bay Freeport Chamber of Commerce (SBFCC), was held virtually this year and broadcast over social media—the first time in 14 years of the group’s existence.

Eisma said that while Covid-19 crippled Subic’s emerging economic niche of cruise tourism, “Subic survived for the most part.”

“The impact of the Covid-19 pandemic did not completely erode the solid business foundation we built over the years. Our sound policies gave us the toughness to weather the storm, while proactive measures to fight Covid-19 gave us the resilience to be able to bounce back after some beatings,” Eisma said in the SOFA.

The SBMA chief then proudly ticked off positive figures recorded in 2020 by the Subic agency in its key measures. Among them are: P3.2 billion in operating revenue and P1.51 billion in operating expense; P9.2 billion in cash and investments; P6.3 billion in other assets; P30.73 million in contribution to the National Treasury; P278 million in remittances to local government units (LGU’s); P131 million in income tax remittance; and P990 million in dividends.

Eisma also noted that the Port of Subic recorded stellar numbers with $1.12 billion in imports and $1.03 billion in exports. The Subic port also recorded 226,000 twenty-footer equivalent units (TEUs) of containerized cargo volume and 7.09 million metric tons of non-containerized cargo last year.

With these, the Port of Subic generated a total of $1.2 billion in revenues last year, while the Subic Bay International Airport earned a total of P62.9 million.

In the tourism sector, Eisma said Subic recorded 5.19 million in visitor arrivals and .29 million in tourist arrivals, while generating P8.48 million from actual tourism activities despite Covid-19 restrictions.

“And even as a lot of sectors were ravaged by the economic downturn, the Subic Bay Freeport welcomed a total of 69 new investment projects,” Eisma also reported. She said the new projects were mostly in the fields of construction, health and wellness, logistics, and information and communication technology.  These new projects yielded total committed investments of P1.39 billion and 682 new jobs.

On the other hand, Eisma announced that existing Subic locators set up 11 expansion projects in 2020. These are in construction, leisure, real estate, logistics, and petroleum trading, and generated a total of P163 million in new investments, as well as 264 additional employment.

She added that despite job losses when some firms closed or cut back manpower during the pandemic, the new projects, particularly in manufacturing, still brought the total Subic Freeport workforce to 138,966 workers, the highest level since Subic Freeport was established in 1992.

“Our experience in the past months of the Covid-19 pandemic tells us that it really pays to keep safe, and that there’s a reason for following rules—not only for our personal physical health, not only for the protection of our loved ones and our community, but also for economic reasons,” Eisma also pointed out. (MPD-SBMA)

PHOTOS:

[1] SBMA Chairman and Administrator Wilma T. Eisma announces continuing growth in the Subic Bay Freeport despite the impact of the Covid-19 pandemic in her State of the Freeport Address.

[2] Subic Bay Freeport Chamber of Commerce President Benjamin Antonio III presents recognition to SBMA Chairman and Administrator Wilma T. Eisma after her State of the Freeport Address.

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SBMA bares record-breaking 2018 corporate performance

With a seven-year high investment figure of P29.6 billion, the Subic Bay Metropolitan Authority (SBMA) on Wednesday announced a record-breaking corporate performance last year in the Subic Bay Freeport Zone.

SBMA Chairman and Administrator Wilma T. Eisma declared in her State of the Freeport Address (SOFA) on Wednesday that the agency hit the highest level of annual committed investment in the last seven years with P29.6 billion in 2018, or an increase of 1,066% over the P2.5 billion generated in 2017.

She said the SBMA also posted record-breaking outputs in the 26-year history of the agency: the highest revenue ever at P3.45 billion; the highest net income at P1.45 billion; and the biggest EBITDA, or earnings before interest, tax, depreciation and amortization, at P1.84 billion.

The revenue level in 2018 represented a 12% increase over the P3.08 billion in 2017; the net income a 60% surge from P907.9 million in 2017, and also the first time to breach the P1-billion mark; and for EBITDA, an 18.98% growth over the P1.55 billion in 2017.

Eisma also pointed out that the growth in expansion projects in Subic, which exponentially jumped from P926.6 million in 2017 to P25.05 billion in 2018 for an overwhelming year-on-year increase of 2,603%, was the more telling sign of investor confidence on Subic.

“This means that (investors) who are already here in Subic remain to be committed, and trust that good things will happen again this year,” she told members of the Subic Bay Freeport Chamber of Commerce, which is hosting the annual SOFA presentation.

The biggest fresh infusions last year were for a five-star hotel, industrial parks, warehouses, and a golf course and retirement community, she said.

As a portent of continuing favorable business climate in the Subic Bay Freeport, the SBMA also drew a strong import and export performance in 2018, signifying Subic’s progressive role as an engine of growth.

Eisma said that Subic’s import value increased by 3.6% from P1.77 billion in 2017 to P1.84 billion in 2018, while export value rose by 8.2% from P2.3 billion to P2.5 billion.

Meanwhile, total debt decreased by 1.7% from P6.2 billion to P6.1 billion due to the volatile exchange rate in 2018.

Subic made another record-breaking performance in port operations when it handled 212,103 TEUs in containerized cargo volume and 7,052 metric tons of bulk and non-containerized cargo in 2018. Subic seaport’s robust growth last year, which was up 50% from the 2017 level, brought in total revenue of P1.23 billion.

The local tourism industry, on the other hand, continued with its impressive performance with an 8.2% increase in walk-in visitor arrivals from 8.5 million to 9.2 million, and a 2.2% rise in overnight tourist arrivals from 1.68 million to P1.72 million. The tourist arrivals also increased hotel occupancy to 68.46%.

Eisma added that the 19 cruise ship arrivals in 2018—compared to a single arrival in 2017—ignited a whole new tourism niche for Subic, which also made a huge P129-million economic impact in the Central Luzon region.

With the continuous growth in Subic, SBMA’s contributions to the national treasury in the form of tax collections, customs duties, and government dividends also went up by 27% from P19.9 billion in 2017 to P25.3 billion in 2018, Eisma also said during the SOFA. (RFD/MPD-SBMA)

PHOTO:

SBMA Chairman and Administrator Wilma T. Eisma reports on the record-breaking 2018 performance of the Subic Bay Freeport Zone during her State of the Freeport Address on Wednesday, March 6. (AMD/MPD-SBMA)

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Subic locators show support for new SBMA chairman-administrator

Business locators in this premier free port have expressed their support of the recent appointment of Subic Bay Metropolitan Authority (SBMA) Administrator Wilma T. Eisma as chairperson of the agency.

In a statement issued on Wednesday, the Subic Bay Freeport Chamber of Commerce (SBFCC) congratulated Eisma and reiterated their cooperation to help improve Subic’s business environment.

“Moving forward, the locators of Subic Bay expect many great things from Atty. Eisma, which is both a compliment and a heavy burden on her shoulders,” the SBFCC statement said.

“Being the Chamber and the voice of the business community, we are here to support her endeavors that will improve the business environment of Subic. In the same breadth, we are also here (so) that her leadership and policies will be fair to all the stakeholders of the Subic Bay Freeport Zone,” it added.

The SBFCC, which is headed by businesswoman Rose Baldeo, issued the statement following the appointment of Eisma as SBMA chairperson after President Duterte issued Executive Order No. 42 that expressly revoked the separation of the positions of chairman and administrator of SBMA under EO 340 signed by Pres. Gloria Macapagal-Arroyo in 2004.

Duterte repealed the Arroyo order after a leadership row erupted between Eisma and former SBMA Chairman Martin Diño, who tried to assume the powers of the administrator.

The conflict, Subic stakeholders noted, has put much strain on the agency and the Freeport itself.

In its statement, the SBFCC recalled that Subic locators had urged for a clear definition of the leadership roles in the government-owned and controlled corporation in order to resolve the issue.

“Like what we said during the height of the recent leadership row, we requested the House of Representatives and Malacañang to step in and make the necessary decisions that would clarify the roles of both parties for the sake of the investors of Subic Bay; if not, then to choose one that would lead the SBMA, so as to avoid further confusion among the locators and even within the ranks of the SBMA,” the SBFCC said.

The statement also thanked Diño for the assistance he gave the locators during his few months Subic. “We are confident that Mr. Diño is more than capable of handling the next government position that the President will assign to him,” it added.

Meanwhile, Eisma, upon acceptance of the unified position two weeks ago, had thanked the various sectors in the Subic Freeport community for their support.

She said that she aims to unite all sectors of the Subic Freeport community by promoting malasakit or caring for each other.

“My purpose is to unite all of us together,” she said, adding that politics had sometimes reared its head in the Subic Bay Freeport.

“We must be brought back to the basics: the basics of caring for each other, the basics of caring for SBMA. Iyon po ang gusto kong kalinga. Because if we will do malasakit for others, we will forget our personal agenda, and just take care of each other and take care for SBMA,” Eisma said. (JRR/RAV/MPD-SBMA)

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SBMA cites positive outlook for Subic Freeport

The Subic Bay Metropolitan Authority (SBMA) foresees better days ahead for this premier Philippine free port, as the new administration seeks to build on past accomplishments to bring the Subic Bay Freeport to greater heights.

Expressing optimism for better performance by the Subic agency in terms of revenue, job generation and contribution to the economy this year, SBMA Administrator Wilma Eisma outlined measures to improve and expand Subic operations and urged both locator-businesses and workers here to do better.

“We must look back into the past, so we could build a brighter future,” Eisma said during her State of the Freeport Address (SOFA) at the Subic Bay Exhibition and Convention Center (SBECC) on Monday.

“Taking into account our performance last year, what we have accomplished can certainly be improved upon,” she added.

According to the Subic official, the Subic agency earned a total of P727.6 million in the first quarter of this year, compared to P676.3 million in the first quarter last year.

Similarly, she pointed out that the SBMA posted a net income of P46.7 million in the first quarter of 2017, which represented a 148 percent increase over last year’s P18.8 million net income.

Eisma also announced that the total cash and investments made by the Subic agency in the first three months of 2017 amounted to P4.57 billion, or a 24.84 percent increase over last year’s P3.6 billion record.

On the other hand, the agency’s total debt decreased by 8.79 percent in the first quarter, with a total of P6,644,026,284.10 for this year compared to P7,284,520,865.20 last year.

The administrator also pointed out that the agency’s key performance indicators such as the number of investments, new locators, import value and export value all rose significantly for the Subic Bay Freeport in the same period.

“The number of total new investments here have slightly increased by one percent, from last year’s P1,406,476,765 to P1,420,747,404 this year,” Eisma announced during the SOFA, adding that the agency registered 47 new business locators in the first quarter.

Eisma also noted a similar increase in import value, from US$653.8 million last year to US$2.75 billion— or a 321 percent increase, and a 10 percent increase in export value, which rose from U$406 million last year to US$536.3 million this year.

Eisma added that companies such as Datian Subic Corp. and Toyota Subic, which located in the Subic Freeport this first quarter, have improved Subic’s business outlook, along with the approval of Dynamic Konstruct Corp.’s P42-billion investment for industrial park development and renewable energy project.

She also said that the SBMA sees more revenue outflow from the ship-to-ship transfer operations of liquefied natural gas by Jovo, the largest clean energy provider in China which is expected to contribute an annual port revenue of P200 million, as well as that of Teekay Swan, a joint venture that controls the world’s most expensive fleet of gas carriers.

Another billion-peso investment that the SBMA recently approved is the DM Leisure Corp.’s P4.6-billion golf course and leisure complex project. Eisma said that this will not only increase investments in the Freeport, but also boost the number of workers employed and the number of tourists visiting Subic.

Administrator Eisma made the State of the Freeport Address along with SBMA Chairman Martin Diño, who enumerated several development projects planned for implementation by the Subic agency. The SOFA is an annual event presented and organized by the Subic Bay Freeport Chamber of Commerce. (JRR/MPD-SBMA)

PHOTOS:

[1] SBMA Chairman Martin Diño (right) and SBMA Administrator Wilma Eisma (second from right) receive recognition from Subic Bay Freeport Chamber of Commerce president Rose Baldeo (second from left) and SBFCC treasurer Edna Canlas, along with Philippine Chamber of Commerce and Industry Chairman Sergio R. Luis-Ortiz Jr., during the State of the Freeport Address on April 24. (AMD/MPD-SBMA)

[2] SBMA Administrator Wilma Eisma outlines measures to further develop the Subic Bay Freeport during her State of the Freeport Address on April 24. (AMD/MPD-SBMA)

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