Tag: investing

American Funding Aims to Turn Subic Bay Port into Gateway for planned AI Industrial Hub

American Funding Aims to Turn Subic Bay Port into Gateway for planned AI Industrial Hub

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In a serious bid to encourage more investments into the Philippines, the United States of America will be providing financial support for feasibility studies on the proposed expansion of the facilities at the port of Subic Bay as well as the establishment of public WiFi access points in key locations, according to a Manila Bulletin news report. These developments point to turning the Subic Bay port into a key gateway for the planned artificial intelligence (AI) industrial hub while improving WiFi access with the nation in mind.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The United States (US) is providing funding support for feasibility studies on the proposed expansion of port facilities at Subic Bay and the establishment of public WiFi access points in a bid to encourage more investments into the Philippines.

The US Trade and Development Agency (USTDA) said on Thursday, Sept. 10, that it will provide a grant to ship repair firm Subic Drydock Corp. (SDC) for a feasibility study to advance the expansion of a key port ship repair facility.

SDC will secure the services of a California-based engineering consulting firm to conduct the study, according to the USTDA.

The study is expected to support the technical and engineering design to expand SDC’s existing berth within the Subic Bay Freeport Zone to accommodate larger vessels.

The expanded capacity will help meet the growing demand for ship repair and maintenance services, reinforcing Subic Bay’s strategic role in the Luzon Economic Corridor (LEC).

Subic Bay is one of four major economic hubs within the LEC that is set to play a critical role in the corridor’s economic development.

Established by the Philippines, US, and Japan, the LEC intends to enhance connectivity between Subic Bay, Clark, Manila, and Batangas, which account for approximately 50 percent of the country’s gross domestic product (GDP).

Earlier, the Port of Subic Bay was designated as the “preferred maritime gateway” for the planned artificial intelligence (AI) industrial hub in New Clark City.

The port is expected to handle the import, export, handling, storage, and transport of the inputs necessary to support the advanced manufacturing operations in the industrial hub.

Meanwhile, the USTDA will also provide a funding grant to Uy-led ComClark Network and Technology Corp. for the proposed creation of a nationwide network of public WiFi access points.

ComClark has selected California-based advisory services firm Connectivity Capital LLC to conduct the feasibility study, the agency said.

The study covers the pilot implementation of AI-enhanced WiFi access points at six sites to determine market demand, technical requirements, commercial feasibility, and financial projections.

The USTDA said the findings of the study would help lay the groundwork for a potential deployment of the access points at nearly 8,000 locations by 2030, which is expected to widen access to reliable connectivity in the country.

USTDA Deputy Director Thomas Hardy said funding support for the two feasibility studies helps reinforce the US’ commitment to supporting the Philippine government’s and private sector’s infrastructure priorities.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you welcome the American funding for the Subic Bay port facility improvements as well as the enhancement of public WiFi access? What is your opinion about the economic potential of the Luzon Economic Corridor?

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

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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 at https://www.instagram.com/authorcarlocarrasco

Hitachi to Build $528-million Transformer Manufacturing Plant in America

Hitachi to Build $528-million Transformer Manufacturing Plant in America

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Hitachi Energy Ltd. – a global leader in energy technology and electrification – announced yesterday that it will invest almost $530 million to construct a transformer manufacturing plant in the state of Mississippi in the United States, according to a news article by Jiji Press. The investment is to help meet the rising power demand as the use artificial intelligence (AI) keeps on rising.

Hitachi Energy Ltd. is the energy arm of the Hitachi Group with over a century of innovation, and a long list completed projects that helped people for their access to dependable energy.

To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

Hitachi Energy Ltd. said Wednesday that it will invest 528 million dollars to build a transformer manufacturing plant in Mississippi to meet surging U.S. power demand amid wider use of artificial intelligence.

The Swiss unit of Hitachi Ltd. expects the plant to more than double its production capacity compared with an existing transformer plant in Mississippi. Construction of the new plant will begin later this year, with production scheduled to start in 2029.

The new plant will be “the cornerstone” of Hitachi Energy’s 1.5-billion-dollar U.S. investment plan, the company said.

In September last year, Hitachi Energy said it would invest 1 billion dollars in the United States. It later expanded the plan as Japan pledged to make 550 billion dollars in investment and loans to the United States as part of a bilateral trade agreement.

Let me end this piece by asking you readers: What is your reaction to this development? Do you consider this new investment by Hitachi a crucial one in relation to the rising demand for power in the United States? Are you hoping that the bilateral trade agreement between the United States and Japan will create economic and energy breakthroughs for Americans in the near future?

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

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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 at https://www.instagram.com/authorcarlocarrasco

Foreign Direct Investment (FDI) Net Inflows Fall 18% in First Half of 2026

Foreign Direct Investment (FDI) Net Inflows Fall 18% in First Half of 2026

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In what is clearly another sign that the Philippines is the economic weakling among the members of the Association of Southeast Asian Nations (ASEAN), foreign direct investment (FDI) net inflows into the country fell by 18% during the first half of this year, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…

Foreign direct investment (FDI) net inflows into the Philippines contracted 18 percent in the first half of the year to ₱211.3 billion from ₱257.5 billion recorded in the same period last year, weighed down by higher borrowing costs and geopolitical friction.

Data released on Thursday, Sept. 10, by the Bangko Sentral ng Pilipinas (BSP) showed that the cumulative six-month decline was driven by reduced intercompany borrowings and lower retained earnings, which undercut gains in net equity capital investments.

The central bank noted that FDI pulled back on intercompany lending to their domestic subsidiaries while retaining fewer earnings for local reinvestment.

Among individual components, net investments in debt instruments—which include intercompany borrowing between foreign investors and local affiliates—fell 26 percent in the first half to ₱128.8 billion from ₱173.8 billion a year earlier.

Reinvestment of earnings slipped 19 percent over the same period to ₱51.8 billion, compared with ₱64.4 billion in the previous year.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., said the cumulative decline in foreign inflows largely stemmed from the fallout of war in the Middle East.

Ricafort said the conflict fueled slower economic activity, sustained inflation, and elevated borrowing costs globally, ultimately raising the cost of direct investment.

Despite the broader downward momentum, net equity capital investments excluding reinvested earnings posted a sharp rebound, surging 59.4 percent to ₱30.6 billion from ₱19.2 billion a year ago. Total equity capital placements climbed to ₱45.3 billion, easily outpacing ₱14.8 billion in withdrawals.

Inflows during the first half originated mostly from Japan, the United States (US), and Singapore, with capital primarily directed toward manufacturing, financial and insurance activities, alongside real estate development.

On a monthly basis, FDI rebounded in June, expanding 35 percent year-on-year to ₱27.9 billion. Even with the bounce, June marked the second-lowest monthly total of the first semester.

Let me end this post by asking you readers: What is your reaction to this recent development? What do you think the government’s economic managers should do to attract more FDI? Do you think the Philippines will fall into a recession in 2027 or in the first half of 2028? Are you convinced that hosting the ASEAN Summit will not lead the Philippines to any economic improvements?

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

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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 at https://www.instagram.com/authorcarlocarrasco

SBMA Offers Exemptions and Incentives for P7 Billion Subic Bay International Airport Modernization

SBMA Offers Exemptions and Incentives for P7 Billion Subic Bay International Airport Modernization

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The Public-Private Partnership (PPP) Center confirmed that the company that wins the bid for the P7 billion Subic Bay International Airport (SBIA) project will receive exemptions and incentives that include exemptions from national and local taxes, according to a news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…

The winning bidder for the ₱7-billion concession to transform Subic Bay International Airport (SBIA) into a world-class logistics hub will receive a generous government incentives package, including national and local tax exemptions.

The Public-Private Partnership (PPP) Center noted that the project’s implementing agency, the Subic Bay Metropolitan Authority (SBMA), will offer a competitive slate of incentives to support long-term private investment.

Under the Special Corporate Income Tax (SCIT) regime, the winning operator may qualify for a five percent corporate income tax rate for up to 16 years, with the possibility of an extension subject to eligibility requirements.

As long as it is registered as an export enterprise with the SBMA, the concessionaire will be exempt from all national and local taxes under the SCIT regime.

It may also enjoy exemptions from customs duties and value-added tax (VAT) on imports, along with zero-rated VAT on qualified local purchases.

Beyond fiscal incentives, the project also opens up commercial opportunities outside standard airport operations. The operator can generate additional revenue through cargo handling, warehousing, commercial leasing, logistics services, and other non-aeronautical ventures.

“The SBIA project offers a compelling opportunity for the private sector to partner with the government in developing one of the Philippines’ most strategic aviation and logistics gateways,” the PPP Center said in a statement.

The SBMA recently launched a comparative challenge for the airport’s modernization and expansion, which originated from an unsolicited proposal by United States-based Cerberus Asia Pacific Investments LLC.

Under this process, interested firms may submit competing offers against the original proposal. As the original proponent, Cerberus retains the right to match or beat the best offer.

Cerberus, which has assets across transportation, real estate, and other sectors, wants to manage the SBIA under a 25-year operate-rehabilitate-add-transfer (ORAT) scheme, with an investment cost of around ₱7 billion.

The concession aims to develop the gateway, located northwest of Manila, into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA), especially as demand for air cargo continues to grow.

The project will focus on upgrading existing airport facilities to align them with international standards, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

The SBIA is poised to support logistics and aviation growth through the development of the airport’s midway apron, which will consist of two warehouse buildings with a total floor area of 22,400 square meters (sqm) and a 32,000-sqm aircraft staging and parking area.

The north airport land development, meanwhile, covers an additional 88,000 sqm across four parcels of land for warehouse facilities, a hangar, a storage facility, and additional apron space.

To ensure proper development of the project, SBMA will assist the private partner in securing the necessary approvals for implementation and facilitating permits and regulatory coordination.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Subic Bay International Airport project will attract a lot of bidders from overseas? Do you believe the modernization of SBIA will add a lot to the economy of the Philippines in the long-term?

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

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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

BCDA To Ensure Philippines Will Benefit A Lot From Pax Silica

BCDA To Ensure Philippines Will Benefit A Lot From Pax Silica

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The Bases Conversion and Development Authority (BCDA) recently announced that it will ensure the Philippines will benefit a lot from the ambitious Pax Silica project as they negotiate with the United States on the final framework, according to a GMA News report.

To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…

The Bases Conversion and Development Authority (BCDA) on Wednesday said it will ensure that the Philippine side, negotiating with the US on the final framework agreement to hit the ground running for the Pax Silica project in New Clark City, Tarlac, will push for a deal that would be most beneficial for the country.

At the Kapihan sa Manila Hotel, BCDA President and CEO Joshua “Jake” Bingcang said that the government is eyeing to sign the comprehensive framework agreement for the Pax Silica initiative with the US by November.

However, Bingcang admitted that “negotiations can always take longer,” noting that the target signing “is not cast in stone as long as the two [parties] will come up with mutually agreed arrangement.”

Nevertheless, the BCDA chief said the Philippines is pushing for terms that would “most beneficial sa’tin (to us)” as negotiations for the framework deal are ongoing.

“It’s a business contract, normally it is favorable to the host country,” he said.

Bingcang said the government has also made clear that the project will operate under the BCDA’s governing legal framework and applicable investment laws.

“It would be covered by two Philippine laws —the BCDA law and CREATE MORE so the incentives provided will be covered by these two laws,” he said.

“Never in that initial arrangement that we are going to adopt anything other than the two laws,” he added.

Pax Silica is the US Department of State’s flagship initiative on artificial intelligence and supply chain security, aimed at advancing a new economic security framework among allies and trusted partners.

The Philippines in April officially joined the Pax Silica initiative, cementing its place among other 23 global signatories, including the European Union, Japan, India, Singapore, South Korea, and the United Kingdom.

As part of the initiative, Manila and Washington are working to establish a 4,000-acre industrial hub that is envisioned as a new model for AI-focused investment within the Luzon Economic Corridor.

The BCDA chief earlier clarified that the Pax Silica hub is not envisioned as a cluster of hyperscale data centers but as an industrial hub that would include the manufacturing of semiconductors and microchips used in computers, laptops, electric vehicles, and other technologies.

Bingcang said that through Pax Silica, the Philippines and its partners see an opportunity to process raw materials domestically instead of exporting them in unprocessed form.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that the BCDA will be able to secure an agreement with the Americans to ensure the Philippines will benefit from Pax Silica economically? Do you realize Pax Silica’s potential to boost manufacturing jobs and the processing of raw of materials in the Philippines?

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

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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

SBMA Port Operations Revenue Grows 8% in First Half of 2026

SBMA Port Operations Revenue Grows 8% in First Half of 2026

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Even though global economic headwinds were very challenging and the economy of the Philippines continued to slow down, revenue of the Port Operations Group of the Subic Bay Metropolitan Authority (SBMA) reached P874 million in the first half of 2026 (8% higher compared to the same period last year), the authorities confirmed.

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

The Subic Bay Metropolitan Authority (SBMA) today disclosed a robust 8% increase in consolidated gross revenue from its Port Operations Group, reaching Php 874 million in the first half of 2026, compared to Php 806 million in the same period last year.

This growth was propelled by stronger earnings in the Seaport and Trade Facilitation and Compliance Department (TFCD), despite ongoing global economic challenges.

SBMA Deputy Administrator III for Operations Group, Ronnie Yambao, attributed the positive performance to strategic initiatives that balanced growth with stakeholder support.

“We successfully navigated a complex global environment while implementing discount measures totaling approximately Php 81 million. These were aligned with Executive Order No. 110 of President Ferdinand R. Marcos, Jr., aimed at mitigating disruptions caused by the fuel supply crisis linked to the Middle East conflict,” Yambao explained.

Breaking down the revenue contributions for H1 2026:

• The Seaport Department continued to be the primary revenue driver, contributing 78% of the consolidated gross income with Php 683 million—marking a 10% increase year-on-year. This growth was largely fueled by an 18% rise in non-containerized cargo, particularly bulk and break- bulk shipments, which surged 24%.

• Subic Bay International Airport accounted for 14% of the revenue, registering a slight 3% decrease due to lower leasing activities and reduced military logistics operations.

• Meanwhile, the Trade Facilitation and Compliance Department recorded an impressive 17% revenue increase, boosted by the newly implemented Registration Certificate (RC) Policy which introduced additional fees on trucks, heavy equipment, and regulated goods.

The notable increase in non-containerized cargo was further supported by an 88% surge in rice imports. This import growth was driven by proactive government measures to secure rice stocks ahead of the anticipated El Niño weather phenomenon.

The Department of Agriculture (DA) emphasized the critical importance of maintaining sufficient rice inventories in response to potential climate-related production impacts.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident that port operations in the Subic Bay Freeport Zone will somehow grow stronger until the end of this year?

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

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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 Freeport Visited By Thai Ambassador And Business Leaders

Subic Bay Freeport Visited By Thai Ambassador And Business Leaders

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A delegation led by Thailand’s ambassador to the Philippines Makawadee Sumitmor visited the Subic Bay Freeport Zone and was welcomed by the Subic Bay Metropolitan Authority (SBMA), the authorities confirmed. With the ambassador were business leaders of Thailand and they visited to explore investment opportunities in the Freeport.

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

A delegation of Thai business leaders, led by Her Excellency Makawadee Sumitmor, Ambassador of the Kingdom of Thailand to the Philippines, recently visited Subic Bay Freeport (SBF) to explore promising investment opportunities in this strategic economic zone.

The delegation was warmly received by Eduardo Jose L. Aliño, Chairman and Administrator of the Subic Bay Metropolitan Authority (SBMA), who highlighted the region’s strategic location within the Luzon Economic Corridor (LEC) and its potential as a hub for trade and industry.

On 26 July 2026, at the Subic Bay Exhibition and Convention Center (SBECC), members of the Thai business delegation met with SBMA’s Business and Investment Group (BIG) officers to discuss avenues for collaboration and potential investments in the SBF.

Ambassador Sumitmor emphasized the strong investment potential for Thai companies in sectors such as energy, logistics, technology, digital innovation, and various service industries. Representatives from the Thai embassy, the delegation, and PTT Philippines Corporation expressed optimism about future partnerships.

The delegation also toured key facilities and businesses within the Freeport, identifying strategic areas for investment in the LEC. PTT Philippines Corporation, a leading oil and energy company and a wholly owned subsidiary of Thailand’s PTT Oil and Retail Business Public Company Limited (PTT OR), serves as a strong foundation for expanding Thai ventures within the region.

The Subic Bay Freeport Zone plays a crucial role as a western maritime gateway in the Luzon Economic Corridor, linking major economic centers including Subic, Clark, Manila, and Batangas.

The LEC initiative aims to enhance infrastructure and logistics, fostering greater connectivity through substantial planned investments.

Thailand is actively pursuing opportunities in trade, logistics, and manufacturing within the Philippines’ LEC. The relative proximity of Subic Bay to Thailand, accessible by sea within three to four days, offers significant logistical advantages for Thai businesses seeking regional expansion.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel confident about Thailand making new investments in the Subic Bay Freeport Zone as the nation is actively pursuing opportunities within the Luzon Economic Corridor? What kind of businesses do you think Thai investors will set up in Subic Bay? Do you feel that direct travel connections between Thailand and Subic Bay will be realized soon?

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

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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

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

Swiss Challenge For Cerberus’ Subic Bay International Airport Proposal Launched

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The Subic Bay Metropolitan Authority (SBMA) has officially launched the Swiss challenge for the P7 billion proposal for the upgrading and management of the Subic Bay International Airport (SBIA) and this opened the field for entities to submit their proposals challenging the existing proposal of Cerberus Asia Pacific Investments LLC, according to a Manila Bulletin news report.

For previous blog posts about the SBIA project, click here, here and here.

To put things in perspective, posted below is an excerpt from the report of the Manila Bulletin. Some parts in boldface…

The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.

In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.

SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.

Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.

Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.

Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).

“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.

Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.

The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.

SBMA noted that the airport’s location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.

“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.

In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.

The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.

“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.

“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.

By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.

The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.

With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there will be a lot of corporations locally and overseas that will submit their Subic Bay International Airport proposals to the SBMA? When was the last time you arrived at the international airport in the Subic Bay Freeport Zone?

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

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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

Time For The Philippines To Revisit Nuclear Energy Production

Time For The Philippines To Revisit Nuclear Energy Production

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During his recent State of the Nation Address (SONA), Philippine President Ferdinand “Bongbong” Marcos, Jr., declared that it is time for the nation to revisit nuclear energy production, according to a news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

President Ferdinand “Bongbong” Marcos Jr. on Monday said it is time to revisit nuclear energy production, as he touted some 200 energy projects in the pipeline in a bid to boost the country’s power supply and bring down power rates.

In his fifth State of the Nation Address (SONA), Marcos said the administration is working to revisit nuclear energy, as it is already being used in medicine, agriculture, water filtration, and the upcycling of plastic.

“Pushing the envelope further, perhaps it is time for us to revisit nuclear energy production,” he said, noting confidence in its capacity “to reinforce our energy security and bring down the cost of electricity in our country.”

“Titiyakin nating ito ay ligtas. Titiyakin din nating maipaliwanag nang mabuti sa publiko ang magandang dulot sa atin ng enerhiyang nukleyar” he added.

(We will make sure that this is safe. We will also make sure to explain the benefits of nuclear energy properly to the public.)

According to Marcos, the administration has a pipeline covering some 200 power projects across the country that will have a combined capacity of nearly 10,000 megawatts (MW) — 45 of which have already been completed, while 31 are set to be completed this year. The remaining 124 are targeted to be completed by 2028.

These are on top of 1,700 megawatts that the projects will contribute to energy storage systems, which Marcos said will boost energy security.

“Ang mga proyektong ito ay napabilis nang dahil sa mga bagong patakaran at proseso na nagpapadali ng pagnenegosyo dito sa ating bansa, para sa mga Pilipino at dayuhang negosyante,” he said.

(These projects were expedited because of the new regulations and processes that eased doing business here in the country for Filipinos and foreign investors.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the highlighting of nuclear energy production in the State of the Nation address will lead to breakthroughs for a nuclear-powered Philippines? Are people in your local community still afraid of nuclear energy? Do you think unchecked corruption inside the government of the Philippines will derail any nuclear-related efforts?

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

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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

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

SBMA Releases Almost P220 Million Revenue Shares To Olongapo City And Other Local Government Units

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The Subic Bay Metropolitan Authority (SBMA) announced that it has released almost P220 million in revenue shares to the City Government of Olongapo and seven other local government units (LGUs).

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

The Subic Bay Metropolitan Authority (SBMA) released a total of PHP 218,115,671.26 in revenue shares to eight local government units (LGUs) contiguous to this premier freeport zone.

SBMA Chairman and Administrator Eduardo Jose L. Aliño said that this amount released on Tuesday, July 21, 2026, represents the revenue shares for the first semester of 2026, which is 10.24 percent higher than that of last year’s comparative period.

The recipient LGUs are Olongapo City, the municipalities of Subic, San Marcelino, Castillejos, and San Antonio in Zambales, and the towns of Dinalupihan, Hermosa, and Morong in Bataan.

Taking into account the population and land area, Olongapo was allocated the largest amount of PHP 50,420,165.72, received by Olongapo City Mayor Atty. Rolen Paulino, Jr. This was followed by Subic, Zambales, which received PHP 32,871,521.46, accepted on behalf of Mayor Jonathan John Khonghun.

The remaining LGUs received their allocations as follows: Dinalupihan, Bataan, with PHP 27,438,313.68, accepted on behalf of Mayor German Santos, Jr.; San Marcelino, Zambales, with PHP 26,272,445.97, received by Mayor Elvis Soria; Hermosa, Bataan, with PHP 23,422,520.27, accepted on behalf of Mayor Atty. Anne Adorable-Inton; Castillejos, Zambales, with PHP 19,817,470.23, received on behalf of Mayor Jeffrey Khonghun; Morong, Bataan, with PHP 19,340,287.10, received on behalf of Mayor Leila Linao-Muñoz; and San Antonio, Zambales, with PHP 18,532,946.83, received by Mayor Dr. Arvin Antipolo.

The LGU shares are sourced from five percent corporate taxes paid by business locators in the Subic Bay Freeport. They are distributed among LGUs based on population (50%), land area (25%), and equal sharing (25%).

OIC-Deputy Administrator for Finance Editha Marzal, along with the finance team, led the distribution of the LGU shares.

Marzal noted that the net shares distributed to the LGUs include not only the current collection period’s allocations but also the 10 percent retention withheld during the first semester of the 2024 distribution.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you see the increased amount of revenue shares as a sign of better economic activities and finances within the Subic Bay Freeport Zone? Do you think the revenue shares would be higher once the Luzon Economic Corridor (LEC) and Pax Silica activities finally start economic activities in the near future?

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

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