Category: Business and Investment
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APECO, Korean and Filipino Firms Sign Landmark Deal for Casiguran International New Port
AURORA-A major step toward transforming Aurora into a key maritime and logistics gateway to the Pacific has been taken following the signing of a tripartite memorandum of agreement (MOA) between the Aurora Pacific Economic Zone and Freeport Authority (APECO), Yooshin Engineering Corporation of South Korea, and the Lordsbridge Resources Corporation of the Philippines. The agreement,…
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US Veterans, Defense Firms Eye APECO as Future Hub for Unmanned Systems, Humanitarian Aid
CASIGURAN, Aurora – The Aurora Pacific Economic Zone and Freeport Authority (APECO) is being positioned as the Philippines’ first national defense-oriented hub, with U.S. veterans and defense logistics firms identifying its potential role in unmanned systems, defense manufacturing, and humanitarian operations under the country’s Self-Reliant Defense Posture (SRDP) law. Speaking at the 1st APECO Business…
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APECO, Indonesian Chamber Forge Stronger Investment Ties at 1st Business Forum
AURORA – The Aurora Pacific Economic Zone and Freeport Authority (APECO) will stage its first-ever international business forum on August 23, 2025, bringing in a 55-member delegation from the Indonesian Chamber of Commerce and Industry (KADIN) in a bid to position Aurora as the Philippines’ next investment frontier. The high-profile delegation, led by KADIN Chairman…
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APECO Airstrip Opens for Chartered Flights, Boosts Investor Access
AURORA — The Aurora Pacific Economic Zone and Freeport Authority (APECO) has marked a major milestone in accessibility after recently allowing chartered flights to land directly at its airstrip, a move expected to strengthen investor confidence and connectivity in the ecozone. The historic first landing took place on August 12, 2025, when National Electrification Administration…
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PH to Washington: Consider Subic as warship manufacturing hub
MANILA – The Philippines is urging the United States to consider the country as its potential manufacturer of US warships, as Washington, DC seeks to fortify its fleet over the next 30 years. “Subic, obviously the (former) Hanjin Subic Shipyard, is (in) shipbuilding operation and we’re sure it could possibly be part of what the…
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BCDA seals P4B waste-to-energy deal during PH state visit to India
The Philippines, through the Bases Conversion and Development Authority (BCDA), secured a Php4-billion (US$70-million) waste-to-energy (WTE) investment with Indian engineering firm Uttamenergy Limited, marking one of the major infrastructure agreements from President Ferdinand Marcos Jr.’s state visit to India. The deal will pave the way for the Philippines’ most advanced WTE facility in New Clark…
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8 LGUs surrounding Subic Freeport get P197.85-M in revenue shares
SUBIC BAY FREEPORT ZONE —The Subic Bay Metropolitan Authority (SBMA) released ₱197.85 million in revenue shares to eight local government units (LGUs) surrounding the Subic Bay Freeport Zone, earmarked for essential public services and recovery programs. The fund covers collections from January to June 2025 and aims to support LGUs in implementing projects in tourism,…
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Trabaho inaasahang dadami pa sa pagbuhay muli sa dating pasilidad ng Hanjin,
SUBIC BAY FREEPORT—Unti-unti nang bumabalik ang sigla ng industriya at ang paglago ng mga manggagawa sa dating Hanjin shipbuilding complex sa ilalim ng pangangasiwa ng Agila Subic Compass o “Agila Subic”. Ang 310-ektaryang dating Hanjin shipyard sa Redondo Peninsula ay muling nakausad na ngayon bilang multi-use facility shipbuilding logistics and storage services complex kung saan…
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BCDA investments soar 64% to P53.5B, unlocking about 7,000 new jobs
The Bases Conversion and Development Authority (BCDA) recorded Php53.5 billion in approved investments during the first seven months of 2025, marking a 63.82 percent increase from the same period last year and solidifying BCDA’s position as one of the country’s top investment promotion agencies. These investments are expected to generate about 7,000 new jobs across…
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US-based Cerberus Capital Management ups PH investments by P15-B
SUBIC BAY FREEPORT – New York-based alternative investment firm Cerberus Capital Management is investing an additional PHP15 billion in the Philippines within a year, as it sees progress in its existing operations and government support for foreign investors. The company, which operates the 300-hectare Agila Subic Shipyard, the former Hanjin Shipyard in Subic Bay that…
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APECO Transforms Stalled Projects into Economic Assets, Eyes Investment-Ready Future
CASIGURAN, Aurora — Nearly PHP800 million worth of once-abandoned infrastructure projects within the Aurora Pacific Economic Zone and Freeport Authority (APECO) are now back on track, signaling a renewed push to make the zone investment-ready under the administration of President Ferdinand R. Marcos Jr. In a report released Wednesday, APECO confirmed that at least ten…
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US, PH sign funding boost for Luzon cargo railway project
MANILA – The Philippines and the United States signed a beneficiary deal that would boost US technical assistance in the construction of the Subic-Clark-Manila-Batangas (SCMB) Cargo Railway. Transportation Secretary Vince Dizon and US Trade and Development Agency (USTDA) Acting Director Thomas Hardy signed the agreement during a bilateral meeting in Arlington, Virginia on June 26.…
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BCDA, AMA Land partner to explore affordable housing opportunities in New Clark City
NEW CLARK CITY — The Bases Conversion and Development Authority (BCDA) has partnered with real estate developer AMA Land Inc. (AMALI) to explore new affordable housing opportunities in New Clark City. Through a Memorandum of Understanding (MOU) signed by BCDA President and CEO Joshua Bingcang and AMA Land Chairman Emeritus Amable Aguiluz V, the two…
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Wilcon Depot eyes P700-M Subic Freeport branch
SUBIC BAY FREEPORT — Wilcon Depot, the country’s leading home improvement and construction supplies retailer, has announced plans to open a P700-million branch here, promising accessibility and convenience to the growing number of companies and homeowners in this free port. This was announced by the Subic Bay Metropolitan Authority (SBMA) last Thursday following the signing…
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CIAC-CAAP-PhilSCA tripartite cooperation for Clark Aviation Campus takes off
CLARK FREEPORT ZONE— The Clark International Airport Corporation (CIAC), Civil Aviation Authority of the Philippines (CAAP), and the Philippine State College of Aeronautics (PhilSCA) signed a Memorandum of Understanding recently signifying their joint efforts in the development of the Clark International Aviation Campus at the Clark Aviation Capital. “With this strategic partnership, we’re looking at…
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