Olongapo SubicBay BatangGapo Newscenter

Wednesday, August 16, 2006

DWSB launches "Balita@Kape sa SBMA" radio program

by Recto Mangosing Adamos

Subic Bay Freeport -- Subic Bay Metropolitan Authority (SBMA) launched its "Balita@Kape sa SBMA" radio program last August 11, live over DWSB (89.5 FM kHz), considered a first in the annals of SBMA existence. It was anchored by a broadcaster from Manila.

DWSB is operated by SBMA, under the umbrella of Radyo ng Bayan, which "remain untapped for productive endeavor as of this point in time" as lamented by a veteran employee among locators.

The panel of guest consisted of SBMA Chairman Feliciano Salonga, Armand Arreza, Administrator, and the President of SBMA Chamber of Commerce.

Various issues and concerned were discussed, and answered to shed light on the allegations raised by media men from the National Capital Region.

"As of July 2006, there are 710 investor companies with US$3.8 billion investment, with Hanjin - a Korean shipbuilder, and Hebei Jingniu -- a Chinese glass manufacturing, as big time investors" according to SBMA Administrator. More so, he stressed that "light to medium industries has limited chance of survival here since the neighboring countries offered cheaper labor cost". "Tourism is given much emphasis nowadays since it has a lot of potentials for ancillary jobs" the added.

The best questioned thrown among the panelist for interview was regarding the "social responsibility "of SBMA among the neighboring communities.

The SBMA replied that social responsibilities include environment protection, poverty alleviation by providing jobs, and sustainable development through return providing investment."

SBMA emerges as country's top investment promotion agency in First Quarter of calendar year 2006 -- National Statitistical Coordination Board (NSCB), with approved committed investments worth PhP51.7 billion from local and Foreign Direct Investments (FDIs). (PIA Zambales

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