SBMA welcomes 10 new investors, $5.3 million investments
by Rebecca Grace S. David
Subic Bay Freeport -- Ten new investors whose projects are worth $ 5.3 million were welcomed to the Subic Bay Metropolitan Authority.
The new business partners include steel pipe manufacturer Mayer Steel Pipe Corporation with $ 3.1 million committed investments; estate developer Amires Corporation with $755,000; Taiwanese export trader Taiming International Trading, Inc.with $ 560,000; Japanese industrial machineries manufacturer Mechatro Inc. with $231,000; Norwegian aluminum scaffoldings manufacturer Delta Production Phils Corp with $155,675; Taaianese garden tools trder Wise Center Precision Appliances with $20,000; Taiwanese granite and marble manufacturer Topwin Stone Subic Inc with $100,000; Taiwanese differential probe assembler Sapphire Instruments Subic Bay with $ 120,000 and Korean English Training center Sky English Fluency, Inc with $ 140,000.
The lone Filipino investor will build a holistic retirement village at Subic, This project will cost the Tropical Paradise Retirement Village,Inc. some $115,384.
With these new businesses, there are now 696 locators operating in the Subic Bay Freeport.
Meanwhile, the SBMA posted a total of $ 1.3 billion in committed investments from January to June this year.
The two biggest foreign direct investors (FDI) are the Korean shipbuilder Hanjin Heavy Industries with $ 1 billion and Chinese glass manufacturer Hebei JInghiu with $312 million.
The biggest local investor is the Globe-Telecom Subsidiary Innove Communications, Inc which will infuse $ 6.3 million to provide a complete range of telecom services to the Freeport.
SBMA Administrator and CEO Armand Arreza said that Subic contributed P2.2 billion to the national treasury through its BIR and Bureau of Customs offices here.
The Bureau of Internal Revenue collected P560 million from January to June from withholding taxes, income taxes and other receipts. On the other hand, the Bureau of Customs posted P 1.6 billion for the same period from payment of triffs and duties.
Arreza added that Subic will maintain its reputation as a top revenue earner and job provider in the region. (PIA Zambales)
Subic Bay Freeport -- Ten new investors whose projects are worth $ 5.3 million were welcomed to the Subic Bay Metropolitan Authority.
The new business partners include steel pipe manufacturer Mayer Steel Pipe Corporation with $ 3.1 million committed investments; estate developer Amires Corporation with $755,000; Taiwanese export trader Taiming International Trading, Inc.with $ 560,000; Japanese industrial machineries manufacturer Mechatro Inc. with $231,000; Norwegian aluminum scaffoldings manufacturer Delta Production Phils Corp with $155,675; Taaianese garden tools trder Wise Center Precision Appliances with $20,000; Taiwanese granite and marble manufacturer Topwin Stone Subic Inc with $100,000; Taiwanese differential probe assembler Sapphire Instruments Subic Bay with $ 120,000 and Korean English Training center Sky English Fluency, Inc with $ 140,000.
The lone Filipino investor will build a holistic retirement village at Subic, This project will cost the Tropical Paradise Retirement Village,Inc. some $115,384.
With these new businesses, there are now 696 locators operating in the Subic Bay Freeport.
Meanwhile, the SBMA posted a total of $ 1.3 billion in committed investments from January to June this year.
The two biggest foreign direct investors (FDI) are the Korean shipbuilder Hanjin Heavy Industries with $ 1 billion and Chinese glass manufacturer Hebei JInghiu with $312 million.
The biggest local investor is the Globe-Telecom Subsidiary Innove Communications, Inc which will infuse $ 6.3 million to provide a complete range of telecom services to the Freeport.
SBMA Administrator and CEO Armand Arreza said that Subic contributed P2.2 billion to the national treasury through its BIR and Bureau of Customs offices here.
The Bureau of Internal Revenue collected P560 million from January to June from withholding taxes, income taxes and other receipts. On the other hand, the Bureau of Customs posted P 1.6 billion for the same period from payment of triffs and duties.
Arreza added that Subic will maintain its reputation as a top revenue earner and job provider in the region. (PIA Zambales)
posted by OlongapoCity Zambales at
7:46 PM
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