SBMA to advance P48-M payment for FSC separation benefits

The Subic Bay Metropolitan Authority (SBMA) will advance the payment of P48 million to its manpower subsidiary, the Freeport Service Corporation (FSC). In a press statement, SBMA administrator Armand said that it will guarantee full compensation of separation benefits for 241 workers affected by the closure of the firm. “The decision was made with the [...]

Arreza refutes CoA report on fat pay check

SUBIC BAY FREEPORT – Subic Bay Metropolitan Authority (SBMA) administrator Armand Arreza yesterday refuted the inaccuracy on the report made by the Commission on Audit (CoA) making him the highest earning government official with P26.865 million annual salary. Arreza who showed his pay check voucher to media in a press conference here said, “my monthly [...]

Malaysian envoy slams DMIA terminal project

Malaysian ambassador to the Philippines Dr. Ibrahim Saad openly criticized the manner on how officials of the Diosdado Macapagal International Airport (DMIA) handled the selection process to develop a new $150-million airport terminal. At the same time, the Malaysian ambassador came to support the bid of Malaysian consortium Bristeel Overseas Ventures, Inc. (Bristeel) to undertake [...]

Clark ranks as one of the world’s best free zones

Clark Freeport Zone, a former US Air base which was transformed into a bustling Freeport and economic zone, has been recently recognized by London-based Foreign Direct Investment Magazine as one of the top global free zones of the future. Clark was ranked number one in Cost Effectiveness category among other investment destinations in the world [...]

Hanjin shipyard workers cautioned on malaria

Subic Freeport authorities reiterated yesterday its warning on possible malaria outbreak with the onset of rainy season urging thousands of workers of Hanjin shipyard at the Redondo Peninsula and residents in nearby communities to take preventive measures against the mosquito-borne infectious disease which is endemic in that particular area. The Subic Bay Metropolitan Authority (SBMA) [...]

Subic braces for ‘purely Pinoy’ festivity this month

The Subic Bay free port community is gearing up for a full-blast barrio fiesta celebration on August 14-16 to commemorate the feast of San Roque, Subic Bay’s patron saint. Everything from food, music, decoration and presentations will feature the countryside Filipino lifestyle for this year’s version of the Subic Bay “Karakol” festival, which since its [...]

Subic exports up 34% to $713 million in first half

SUBIC BAY FREEPORT—Exports from this premier Freeport zone surged 34 percent to $713.15 million in the first half with Korean shipbuilder Hanjin on top of the list producing three international cargo vessels in six months. Data from the Subic Bay Metropolitan Authority (SBMA) showed that exports from January to June rose to $713.15 million from [...]

New Mission Director for USAID/Philippines assumes post

The United States Embassy announced yesterday the arrival of the new Director of the United States Agency for International Development (USAID) Mission to the Philippines . Prior to this position, Director Gloria D. Steele, headed the Bureau for Global Health at USAID headquarters in Washington , DC , and earlier, served as Senior Deputy Assistant [...]

Clark upgrades fire-fighting powers

CDC VP Frank Madlangbayan and Public Safety Manager Nick Targa are briefed by Fernando Laquian of PSD fire Department on the operations of new firetruck which was recently procured by Clark Development Corporation. The new P29 million truck is capable of attending to emergency cases even to high rise buildings. (Eric Jimenez) Officials of Clark [...]

Cojuangco expands resort project in Subic, eyes take-over of Subic golf course

SUBIC BAY FREEPORT – Television and communications mogul Antonio “Tony Boy” Cojuangco is expanding a beach resort and hotel project, here with the infusion of P300 million fresh investments for site development. “The Nabasan area will be one of the next top destinations inside Subic Freeport,” Subic Bay Metropolitan Authority (SBMA) Administrator Armand C. Arreza [...]

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