SBMA eyeing major trade deals with Fil-Am firms

By HENRY EMPEÑO SUBIC BAY FREEPORT — At least two major investment projects from Filipino-American companies are now being targeted by the Subic Bay Metropolitan Authority (SBMA) following talks with the Federation of Philippine American Chambers of Commerce (FPACC) during a week-long swing among key business centers in the United States last month. SBMA Chairman… Read More SBMA eyeing major trade deals with Fil-Am firms

SBMA pursues port devt program with US tie-ups

By HENRY EMPEÑO SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) is taking resolute steps to realize its port development program that seeks to make the Subic Bay Freeport a global player in maritime trade. SBMA Chairman and Administrator Wilma T. Eisma said the Subic agency is now establishing networks with major ports… Read More SBMA pursues port devt program with US tie-ups

Subic cited as Asia’s ‘Fastest Growing Free Trade Zone’

By HENRY EMPEÑO SUBIC BAY FREEPORT — Fresh from its victory in the sports tourism derby last week in Bangkok where it was named “Best Sports Tourism Destination of the Year”, the Subic Bay has gained yet another recognition, this time as Asia’s “Fastest Growing Free Trade Zone” in the International Finance Awards 2017. Aside… Read More Subic cited as Asia’s ‘Fastest Growing Free Trade Zone’

SBMA shelves $798-M solar farm and industrial estate project

By HENRY EMPEÑO | Subic Bay Freeport THE Subic Bay Metropolitan Authority (SBMA) has revoked the contract for the development of a $798-M solar farm and industrial city project at the Redondo Peninsula here after the proponent failed to deliver on its commitments under the agreement. SBMA Chairman and Administrator Wilma T. Eisma said the… Read More SBMA shelves $798-M solar farm and industrial estate project

Taiwan firm unveils P2-B Subic luxury residences project

By HENRY EMPEÑO SUBIC BAY FREEPORT — Taiwanese construction and engineering firm MSK Group Work Inc. launched on Saturday a high-end beachfront condominium project at the Triboa Bay area in this free port, aiming to cash in on the growing expatriate sector in the economic zones of Subic, Clark and Bataan. The project, to be… Read More Taiwan firm unveils P2-B Subic luxury residences project

Ombudsman clears Subic execs in hotel takeover

By RUBEN VELORIA | Subic Bay Freeport THE Office of the Ombudsman has dismissed criminal complaints against current and former officials of the Subic Bay Metropolitan Authority (SBMA) and other private individuals in connection with the takeover of the management of a hotel in this free port. Ombudsman Conchita Carpio Morales approved the dismissal of… Read More Ombudsman clears Subic execs in hotel takeover