Tag: Subic Bay Metropolitan Authority (SBMA)

Temporary Reduced Fees And Support For Port Clients Confirmed By SBMA

Temporary Reduced Fees And Support For Port Clients Confirmed By SBMA

carlocarrasco

In response to the spiked fuel prices and other economic uncertainties, the Subic Bay Metropolitan Authority (SBMA) announced that it will temporarily offer reduced fees and provide financial support to its port clients.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) has temporarily taken measures to provide port clients with the much-needed financial support, amid the ongoing rise in fuel costs in the global market.

SBMA Chairman and Administrator Eduardo Jose L. Aliño explained that this is in line with President Ferdinand R. Marcos Jr.’s Executive Order No. 110, which immediately placed the entire country in a state of national energy emergency due to geopolitical tensions in the Middle East.

Aliño added that such temporary measures aim to provide aid to industries affected by the Middle East crisis by ensuring that cost-stabilizing strategies for the transport and food sectors are implemented without delay. 

“These initiatives, including reduced fees and extended free storage, provide a fiscal cushion to reinforce investor confidence and prevent supply chain bottlenecks,” said Aliño.

He also cited that key industry participants namely, importers, suppliers, consignees, vessel owners, and consumers, will experience the impact of these measures through their respective counterparts – terminal operators, cargo handlers, brokers, consolidators, processors, ship agents, and shipping lines, resulting in a cascading effect throughout the supply chain.

As part of this initiative, the SBMA will implement a five percent tariff reduction on all commercial vessels, including harbor fees, berthing fees/ anchorage fees, and harbor cleaning fees, as well as a five percent tariff reduction on cargo charges including wharfage fees, and storage fees.

“We will also implement a five percent tariff reduction on SBMA shares such as pilotage fee, hauling services, tugboat services, heavy equipment rental, line handling services, chandling services, water tendering, cargo handling for containerized cargo, and bunkering services,” he added.
 
Additionally, the SBMA is also offering free storage for non-containerized cargo, and free storage period for an additional 2-day extension. 

To further aid port clients, the SBMA will temporarily suspend the collection of shares from terminal operators/cargo handlers for liquid bulk cargo handling and related activities; the implementation of the one percent admission fee for liquid bulk; and the implementation of the ten percent increase on cargo handling and miscellaneous charges of non-containerized/ general cargoes.

Chairman Aliño assured port stakeholders that these measures shall take effect immediately upon its approval and ratification by the SBMA Board of Directors, adding that these will remain in force until geopolitical tensions subside, at which point they shall be lifted via a formal issuance following Board approval.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think this new move by the SBMA will be sufficient enough for the port clients and keep economic activity in the freeport growing? Do you think the SBMA will have to further intensify its tourism activities to attract more high-spending tourists to bounce back from a potential economic downturn?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Subic Bay 2025 Port Revenue Reach P1.77 Billion

Subic Bay 2025 Port Revenue Reach P1.77 Billion

carlocarrasco

The Subic Bay Metropolitan Authority (SBMA) announced that its port operations generated a total of P1.77 billion for the year 2025. The figure is an improvement of more than P70 million over 2024.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) generated PHP 1.77 billion in revenue from port operations in 2025, reflecting steady growth driven by the port’s continued strength and resilience as a logistics and trade hub in the Southeast Asian region.

SBMA Chairman and Administrator Engr. Eduardo Jose L. Aliño explained that the PHP 1.77-billion revenue in 2025 is 4.2 percent, or PHP 71.7 million, higher than the 2024 record PHP 1.7 billion.

Aliño added that the Seaport Department generated PHP 1.47 billion of the total, followed by the Airport Department with PHP 182 million, and the Trade Facilitation and Compliance Department (TFCD) with PHP 125 million.

“Our 2025 port revenue performance demonstrates how Subic Bay continues to thrive despite global economic uncertainties. This achievement highlights our modern infrastructure, efficient processes, and strong public-private partnerships,” Aliño said.

Meanwhile, the SBMA port revenues have already surged by 13 percent at PHP 113.7 million in January of 2026 on a year-on-year comparison with PHP 100.4 million in January 2025.

The PHP 113.7 million earned in January, PHP 97.7 million came from the Seaport Department, PHP 5 million from the Airport Department, and PHP 11 million from TFCD.

Aliño said that some of the key factors that fueled the growth include a 52 percent increase in SBMA share collections primarily due to a surge in non-containerized cargo handling. He said that this includes rice (up 484 percent), corn (230 percent), wheat (48 percent), and soya (3 percent).

Another factor, he added, is the 59 percent increase in vessel charges and 38 percent growth in cargo charges.

Non-containerized cargo volumes grew by 47 percent, with imported petroleum products up by 46 percent. This was accompanied by a 17 percent increase in foreign ship calls, totaling 149 additional vessel arrivals.

He assured that the SBMA remains committed to further investments in port modernization, digitalization, and sustainability initiatives.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the port operations of the Subic Bay Metropolitan Authority generating more revenue in the years to come? Do you think more ports in other parts of the world will link with the port of Subic Bay?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH  as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Expansion Contract Worth Almost P600 Million Signed By Best Western Plus Hotel Subic

Expansion Contract Worth Almost P600 Million Signed By Best Western Plus Hotel Subic

carlocarrasco

Best Western Plus Hotel Subic, the 4-star hotel located along Dewey Avenue, signed the expansion project contract worth almost P600 million with the proponent Subic Bay Metropolitan Authority (SBMA), according to the SBMA’s official announcement.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

Best Western Plus Hotel Subic has confirmed plans to expand its operations after signing the contract that will allow the construction of a new building beside the current hotel.

The expansion project was signed between the proponent, Subic Bay Metropolitan Authority (SBMA) and developer Simon & Stanley International Trading and Development Co. Inc.

SBMA Chairman and Administrator Eduardo Jose L. Aliño and Best Western Plus Hotel Subic Chairman and CEO Jaime “Jack” Uy led the contract signing for the expansion project at the Corporate Boardroom of the Administration Building on March 31, 2026.

Architect Jayson Steffen Uy, Vice-president for Facility and Construction of Savers Group Holdings Inc. (SGHI), shared that the new building will consist of 120 additional hotel rooms, several commercial spaces, a three-floor parking area, restaurants, and parks.

SGHI is the exclusive developer for Best Western in the Philippines as the conglomerate that owns and manages Best Western Plus Hotel Subic.

Uy added that the new building will be an extension of Best Western with infused committed investment worth P587,967,200.00.

“With the current need for more spaces, function halls, and rooms, we decided to expand our operations in Subic,” Uy added.

The official stated that the design phase should be finished either this year or next year while the construction should be able to commence as early as the first quarter of 2027.

“As for employees, the company intends to source its manpower requirements locally,” he further said.

Meanwhile, SBMA Director Ted Del Rosario, Senior Deputy Administrator (SDA) Renato Lee III, SDA Ramon O. Agregado, and other agency officials were also present during the said contract signing ceremony.

Chairman Aliño welcomed the expansion project of Best Western Plus Hotel Subic, citing the growing need of hotels and establishments in Subic Bay Freeport. He added that aside from the company’s committed investment, the agency also welcomes the job opportunities from the expansion project.

Let me end this post by asking you readers: What is your reaction to this recent development? Have you ever stayed at the Best Western Plus Hotel Subic already? Do you think the newly signed contract will lead to improvements on tourism inside the Subic Bay Freeport Zone over the next few years? Do you think this new development could influence other hotel operators to expand or renovate their respective places in order to attract more tourists and corporate clients?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Recognized For Boosting Philippines-Australia-New Zealand Ties

SBMA Recognized For Boosting Philippines-Australia-New Zealand Ties

carlocarrasco

Recently the Subic Bay Metropolitan Authority (SBMA) was recognized by the Australia and New Zealand Chamber of Commerce (ANZCham) for strengthening economic ties between the Philippines, Australia and New Zealand during a prestigious event held in Makati City, according to the official announcement.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

The Australia and New Zealand Chamber of Commerce (ANZCham) recognized the Subic Bay Metropolitan Authority (SBMA) for its efforts in fostering strong economic linkages between the Philippines, Australia, and New Zealand.

The citation was given during ANZCham’s 45th Annual General Meeting and Awards Night held at the Makati Shangri-La on March 24, 2026, where SBMA Senior Deputy Administrator for Business and Investment Renato Lee III accepted the award on behalf of the agency.

“We are strengthening our global linkages not only to attract capital but also to bring in innovation, technology, employment, and long-term partnerships that create real economic value,” Lee said.

The Bridges of Progress Award is conferred to Philippine institutions that have demonstrated exemplary collaboration and actively contributed to strengthening trilateral and economic ties with Australia and New Zealand.

SBMA’s recognition reflects its role in advancing international partnerships and investment promotion, a testament to SBMA’s growing role in the regional investment landscape.

It recognizes its sustained efforts to streamline investment processes, support foreign enterprises, and position Subic Bay Freeport as a competitive hub for global business.

Meanwhile, SBMA Chairman and Administrator Eduardo Jose L. Aliño emphasized the award’s broader significance in reinforcing international cooperation: “This honor reflects the strength of our partnerships with the Australian and New Zealand business communities.”

“We remain committed to policies that encourage greater investments, deepen economic engagement, and promote shared prosperity across our regions,” he added.

ANZCham officers, headed by its President Benjamin Romualdez, attended the event, along with members of the diplomatic corps and leaders from both the public and private sectors, and gathered to celebrate organizations that have contributed significantly to enhancing cross-border partnerships.

ANZCHAM Philippines is a prominent, non-profit business organization that has been active for over 45 years. It serves as a bridge for enterprises looking to expand within the Philippine-Australian-New Zealand business corridor.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the SBMA’s continued efforts on strengthening economic ties with the Philippines, Australia and New Zealand will result in investment breakthroughs?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

33rd Subic Bay International Triathlon (SuBIT) All Set For May 2 And 3

33rd Subic Bay International Triathlon (SuBIT) All Set For May 2 And 3

carlocarrasco

Subic Bay International Triathlon (SuBIT)—Southeast Asia’s oldest and longest running standard distance race—rolls on to its 33rd year at the Subic Bay Freeport Zone May 2 and 3.

This edition gains added significance as on top of being billed as 2026 NTT Asia Triathlon Cup it debuts as Asia Triathlon Junior Cup Subic Bay.

Considered one of Asia’s 10 best races, SuBIT has continued to demonstrate the strong partnership between Triathlon Philippines presided by Tom Carrasco, Asia Triathlon Senior Vice President, and Subic Bay Metropolitan Authority (SBMA) under Chairman and Administrator Eduardo Jose Aliño.

Philippine Sports Commission, NTT, Gatorade (official hydration partner), Western Guaranty Corporation, C-Vitt and Subic Bay Travelers Hotel (official race hotel) back up SuBIT.

More than a hundred elite athletes coming from at least 20 countries are expected to not only vie for honors but also scramble for World Triathlon and Asia Triathlon ranking points.

Japan, last year through Takuto Oshima (1:50:25) and Manami Hayashi (2:04:58) regained it’s dominance it last held in 2002 with Dayshaun Ramos (1:54:03, 14th) and Raven Alcoseba 2:14:16, 11th) emerging as top Filipinos.

We can say that registration is ongoing at https://register.raceya.fit/event/subit2026

Last year’s Technical Delegate Darnis Mahmud from Malaysia returns to lead the officiating team once again.

The usual fare of fast, action-packed racing across all levels: draft-legal sprint races for Elite and Junior Elite athletes, alongside Super Trikids (STK), Youth Super Sprint, and Sprint and Standard are on offer.

Elite & Junior Elite Races (AM); STK, Youth & Age Group Briefing (PM) are slated May 2 followed by STK, Youth & Age Group race day. Athletes and Coaches briefing on May 1 usher the races.

For more triathlon and multisport updates, visit https://www.facebook.com/TriPhil.  

+++++

Note: This post was sourced from the official press release of the event from Triathlon Philippines.

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Sister Port Agreement Between SBMA And Belgium Proposed

Sister Port Agreement Between SBMA And Belgium Proposed

carlocarrasco

Recently inside the Subic Bay Freeport Zone, the Subic Bay Metropolitan Authority (SBMA) headed by its Chairman and Administrator Eduardo Jose L. Aliño hosted a delegation from the Embassy of Belgium led by Ambassador Vladislava Iordanova. During the visit, Aliño proposed to them a Sister Port Agreement between the Port of Subic and the Port of Antwerp-Bruges, according to the official announcement by the SBMA.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

A sister port agreement between the Port of Subic and the Port of Antwerp-Bruges is being considered during the visit of delegates from the Embassy of Belgium to the Philippines here on March 16, 2026.

Belgian Ambassador Her Excellency Vladislava Iordanova paid a visit along with officials from the Port of Antwerp-Bruges International (PoABI), the consultancy and investment subsidiary of the Port of Antwerp-Bruges.

During their visit, the Subic Bay Metropolitan Authority (SBMA) team, led by Chairman and Administrator Eduardo Jose L. Aliño, proposed a Sister Port Agreement between the two ports to enhance the traditional friendship between the SBMA and the PoABI.

The Port of Antwerp-Bruges is the largest petrochemical cluster in Europe and the second-largest in the world; it is also the largest car-handling port in Europe, handling more than 3 million cars per year. It has two oil refineries and is a frontrunner in the energy transition.

The port is also a driver of economic growth with 4.5% GDP contribution and a total annual throughput of +370 million tonnes, including +13 million TEUs.

Meanwhile, the Subic Bay Freeport has several locators with European Equity, including Agila NY Naval Inc. and Agila South Inc. from the Netherlands, with a combined investment commitment of US$350 million.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the proposed Sister Port Agreement between the SBMA and Belgium will eventually be approved in the near future? Do you think that better trade will happen between the Port of Subic and the Port of Antwerp-Bruges will be realized?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA Chairman Aliño Opens New 2-Storey Starbucks Coffee Shop With Drive-Thru In Subic Bay Freeport Zone

SBMA Chairman Aliño Opens New 2-Storey Starbucks Coffee Shop With Drive-Thru In Subic Bay Freeport Zone

carlocarrasco

Recently inside the Subic Bay Freeport Zone, Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño formally led the opening of a new two-storey Starbucks Coffee shop with drive-thru, according to the official announcement of the authority. The newest branch of the coffee giant was made with an investment of over P36 million.

To put things in perspective, posted below is an excerpt from official announcement by the SBMA. Some parts in boldface…

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño led the opening of the first two-storey Starbucks Coffee Shop with drive-thru facility here on March 6, 2026.

According to Aliño, the opening of the two-storey Starbucks Coffee Shop indicates Subic Bay Freeport’s status as a popular tourist destination, anticipating a year-round influx of customers.

The Starbucks Coffee Shop invested ₱36.75 Million in a 1,700-square-meter area at the portion of Lot 75-A, Rizal Highway, Central Business District, Subic Bay Freeport Zone.

The inauguration was attended by Engr. and Mrs. Rhammeth Paras, Arch. and Mrs. Adonis Co, Mr. and Mrs. Timothy Tang, and Engr. Aries Tanglao, owners of Pandabest Realty and Trading, Inc.

The two-storey Starbucks locations usually offer enhanced, often scenic, spaces with increased seating, frequently housed in restored, architecturally unique, or heritage buildings.

Notable examples include the heritage shophouse in Singapore’s Chinatown, the sprawling Reserve Hiraya in Tagaytay, and a colonial-style bungalow in Rochester.

“Now we have one here, with the building designed to be ‘work and study-friendly,’ providing more intimate, quiet spaces on the upper level compared to the busy ground floor,” Aliño said.

Let me end this post by asking you readers: What is your reaction to this recent development? Have you visited other Starbucks branches inside the Subic Bay Freeport Zone during your recent visit there? Do you think there is still more room for further coffee shops or cafes inside the Subic Bay Freeport Zone? How often do you order coffee by drive-thru?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

SBMA And Leechiu Property Consultants To Advance Freeport Investments And Tourism

SBMA And Leechiu Property Consultants To Advance Freeport Investments And Tourism

carlocarrasco

Having been to the Subic Bay Freeport Zone many times already, the former US Naval base has been a strong engine for tourism, commerce and investments for the Philippines over the decades. Each time I visited, there was also something new to discover and the economic modernization happened gradually.

In a serious bid to enhance investments and accelerate the growth of tourism, the Subic Bay Metropolitan Authority (SBMA) announced that it has teamed up with the Leechiu Property Consultants (LPC) and their officials had important talks recently.

To put things in perspective, posted below is an excerpt from the official announcement of the SBMA. Some parts in boldface…

Subic Bay Metropolitan Authority (SBMA) officials met with executives of Leechiu Property Consultants (LPC) to explore collaborative initiatives to accelerate tourism growth and investment promotion here.

Led by SBMA Business and Investment Group’s Senior Deputy Administrator (SDA) Renato Lee III, discussions focused on expanding high-impact tourism segments including cruise ship tourism, wreck diving, forest trails, and Meetings, Incentives, Conferences, and Exhibitions (MICE) activities.

David Lee-Chiu, CEO of Leechiu Property Consultants highlighted Subic Bay’s deep-water port and strategic location as key advantages in positioning the Freeport as a competitive cruise ship destination in Luzon.

Lee-Chiu also noted that increased cruise calls would drive growth across hospitality, retail, transport, and local enterprises.

Meanwhile, SBMA Chairman and Administrator Eduardo Jose L. Alino also mentioned “wreck diving” as a strong niche market, with Subic Bay’s historic shipwrecks that continue to attract both domestic and international divers.

Also discussed was the development and promotion of forest trails and eco-tourism experiences, recognizing Subic Bay Freeport’s protected forest areas as prime assets for sustainable tourism, nature-based recreation, and eco-adventure activities.

Let me end this post by asking you readers: What is your reaction to this recent development? If you have visited the Subic Bay Freeport Zone over the past three months, how was your stay and did you find the place worth revisiting? Do you think the SBMA can still achieve so much more in terms of tourism growth and business?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

2025 Subic Bay Freeport Zone Workforce Surpasses 170,000

2025 Subic Bay Freeport Zone Workforce Surpasses 170,000

carlocarrasco

For decades, the Subic Bay Freeport Zone has been a hot spot of commerce, tourism and varied types of businesses which resulted in the creation of new jobs. Recently, the Subic Bay Metropolitan Authority (SBMA) officially confirmed that the Freeport workforce exceeded 170,000 in 2025 which is an improvement of over 4% compared with 2024.

To put things in perspective, posted below is an excerpt from the official announcement of the SBMA. Some parts in boldface…

The workforce in the country’s premier Freeport totaled 171,653 in 2025, according to the annual report by the Subic Bay Metropolitan Authority (SBMA).

According to a report from the SBMA Labor Department, this figure reflects a 4.4 percent increase from last year’s 164,400 recorded in 2024.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that the increase in the number of workers here results from President Ferdinand R. Marcos Jr.’s mandate to provide more employment opportunities for Filipinos.

He said that Olongapo City remains the biggest source of manpower, with 70,769 residents working here. He added that this was followed by Zambales with 31,621; Bataan with 22,897; National Capital Region with 7,077; Pampanga with 5,492; Tarlac with 2,199; and the remaining 31,598 from other parts of the country, including foreign workers.

Around 70.60 percent of workers, or 121,187, are male, while the remaining 29.40 percent, or 50,466 workers, are female, and employed by 4,744 Subic companies. Despite the disparity, female workers outnumbered male workers in the manufacturing sector, with 18,951 females and 18,242 males employed across 111 manufacturing companies in Subic.

Meanwhile, the Subic Bay Freeport’s services sector remains the biggest employer, which clocked at 67.32 percent of the workforce, with the manufacturing sector making up 21.67 percent. These are followed by the construction sector with 7.36 percent, and shipbuilding/marine-related services with 3.64 percent.

Aliño added that the services sector also has the biggest number of companies, with 4,129, followed by the construction sector with 356 companies, then shipbuilding/ marine-related services with 148 companies, and lastly the manufacturing sector with 111 companies.

He further said that more companies are still looking for employees, thru the SBMA Labor Department’s regular conduct of job fairs and posting job openings via online portals and bulletin boards at their offices near the Subic Bay Gym.

“Jobseekers can click on the SBMA Career Portal, where we provide an official list of vacancies from various Freeport locators. We encourage applicants to check the Subic Gym bulletin board for scheduled examinations and interviews,” he said.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are managing a business, have you thought about expanding and setting up a place inside the Subic Bay Freeport Zone? What is your current impression about the business and work environment inside Subic Bay right now?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Cerberus’ P5.31 Billion Unsolicited Proposal For Subic Bay International Airport Development Under SBMA’s Review

Cerberus’ P5.31 Billion Unsolicited Proposal For Subic Bay International Airport Development Under SBMA’s Review

carlocarrasco

When was the last time you visited the Subic Bay International Airport (SBIA)? In recent times, the US-based company Cerberus Asia Pacific Investments, LLC (Cerberus) proposed to manage, operate and rehabilitate the said airport for P5.31 billion and it has been endorsed by the Public-Private Partnership (PPP) Center. The unsolicited proposal is officially being reviewed by the Subic Bay Metropolitan Authority (SBMA), according to a news report by BusinessWorld.

To put things in perspective, posted below is an excerpt from the business news article of BusinessWorld. Some parts in boldface…

THE P5.31-billion unsolicited proposal of US-based investment company Cerberus Asia Pacific Investments, LLC (Cerberus) to manage, operate, and upgrade Subic Bay International Airport (SBIA) is now being reviewed by the Subic Bay Metropolitan Authority (SBMA) after the go signal from the Public-Private Partnership (PPP) Center.

“This unsolicited project was endorsed by the (PPP) Center to the IA (implementing agency) after being determined complete… The Subic Bay International Airport PPP is currently undergoing the approval process of SBMA,” the PPP Center told BusinessWorld on Tuesday.

According to the PPP Center, the SBMA will be the approving body for the project. If approved, the airport project will be under an operate-add-transfer contract arrangement.

Once the SBMA approves the project, it will begin negotiations with the project proponent. The government will then formalize the Original Proponent Status and initiate the Swiss Challenge process.

The Swiss Challenge is a process where other companies can submit better offers, but the original proponent has the right to match them.

Cerberus Capital Management is an investment firm managing approximately $65 billion in assets. Its global network of affiliates includes Cerberus Asia Pacific, which focuses on investments in logistics, infrastructure, technology, and energy.

Cerberus already operates part of a 310-hectare lot of a former South Korean-owned shipyard located west of the airport for which it had submitted an unsolicited bid.

“In theory, competitive bidding is king. In the reality of the SBIA, Cerberus is the catalyst we need. It is time to choose strategic results over procedural delays,” Rene S. Santiago, former president of the Transportation Science Society of the Philippines, said in a Viber message.

Nigel Paul C. Villarete, a senior adviser on public-private partnerships at the technical advisory group Libra Konsult, said that solicited bidding would be more feasible and faster, as it enables the government to define the contract’s parameters and coverage.

“Many of our public facilities should be operated by the private sector to attain a lot of the efficiencies that they can do, which are often difficult to attain within the government realm,” Mr. Villarete said.

For Mr. Villarete, a government-led solicited procurement process will always be preferable.

However, since an unsolicited proposal has already been submitted, the government’s role is to enter into negotiations, introduce the necessary changes and amendments, and only then present the proposal to the public for challenge, he said.

“There should be a negotiation period for the two parties to discuss any amendments required by the government before this is published for challenge,” he said.

Cerberus’ proposal covers the rehabilitation of SBIA assets and the development of new facilities to expand capacity and attract new tenants.

The company has also committed to invest “considerable financial resources” and utilize its real estate management capabilities in developing the airport.

In its proposal the company said that it will maintain the existing leases but only for the “early years” of its concession period.

“Cerberus plans to maintain the status quo of existing operations by honoring existing leases and retaining incumbent employees. In parallel, Cerberus will invest significant capital expenditure to improve SBIA’s infrastructure and operations, whilst building new hangars and storage facilities to reestablish SBIA as a major hub for commercial cargo operations and to expand SBIA’s government logistics operations,” it said.

The company added that it will monitor and evaluate airport fees to optimize SBMA’s returns under the revenue-sharing agreement, while supporting efforts to attract and manage both existing and new airport tenants.

This revenue-sharing scheme would be the determining factor if the proposed 25-year concession agreement were extended, PPP Center said.

Let me end this post by asking you readers: What is your reaction to this recent development? What is your opinion about the current state of the international airport inside the Subic Bay Freeport Zone? Do you think so much more can be achieved with the Subic Bay International Airport in terms of expanding flight connectivity, attracting more tourists from overseas and paving way for more foreign commerce to enter the freeport?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco