Category: Business and Investment
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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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SEC, SCAD partner to enhance investor protection, capital market growth in Subic-Clark Corridor
CLARK FREEPORT ZONE — The Securities and Exchange Commission-Tarlac Extension Office (SEC-TAREO) and the Subic-Clark Alliance for Development (SCAD) are joining forces to strengthen investor protection and advance capital market development in the Subic-Clark Corridor. This partnership was formalized through a Memorandum of Agreement (MOA) signed on May 29 at the Clark Freeport Zone, paving…
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CIAC inks MOU with sustainable river park developer
CLARK FREEPORT ZONE — The Clark International Airport Corporation (CIAC) recently signed a Memorandum of Understanding (MOU) with Seoul-based Kyong-Ho Engineering & Architects, a renowned South Korean firm specializing in comprehensive construction engineering services including planning, feasibility studies, design, maintenance, and project management. The MOU establishes a strategic partnership in support of CIAC’s Seven Flagship…
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SBMA puts up fast lane for workers’ IDs
SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) has established a special lane dedicated for the batch processing of identification cards for workers here to facilitate the processing of SBMA IDs for companies with large number of employees. With the Ease of Doing Business (EODB) lane, said SBMA Senior Deputy Administrator for Business…
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Subic Grain plans P4.1-B mega-logistics hub in Subic Freeport
SUBIC BAY FREEPORT — Bulk and break-bulk cargo specialist Subic Bay Freeport Grain Terminal Services Inc. (Subic Grain) has committed some P4.135 billion for the development here of a multi-modal logistics hub that will seamlessly integrate facilities for seaport and airport cargo handling, as well as cruise tourism. Subic Grain Executive Vice President Lester C.…
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Multi-modal transport hub in Subic
Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño addresses Subic business locators on Monday, May 26, at the Traveler’s Hotel, Subic Bay Freeport. The forum updates freeport locators on projects that support a multi-modal transportation center that is underway, as the SBMA sets its sights to woo more trade and investments…
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Clark remits P2.488-B in 2024 dividends; total hits P5.5-B under Marcos admin
CLARK FREEPORT ZONE— The Clark Development Corporation (CDC) has remitted P2.488 billion in cash dividends to the national government for dividend year 2024, in compliance with Republic Act No. 7656 or the “Dividend Law.” This brings the CDC’s total dividends declared under the administration of President Ferdinand R. Marcos Jr. to P5.5 billion, following earlier…
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