Freeport revenue flat
SUBIC Bay Metropolitan Authority (SBMA) administrator Armand Arreza said the Freeport's revenue growth last year turned out flat, and targets a modest growth of P1.8 billion this year.
Arreza said SBMA generated revenues amounting P1.7 billion in 2007, half of which come from rental and leases.
SBMA said a total of 123 new business locaters came in from January to September, amounting to $ 1.45 billion in fresh investments. The new commitments spiked Subic's total cumulative investments to $ 5.22 billion, 28 percent higher than 2006's $ 3. 76 billion, and also brought in 13, 098 new jobs as of September.
The two biggest projects approved last year wre Millenium Properties, which committed $1 million for hotel and restaurant operation, and sungdo Steel services, Inc., engaged in construction and repair works, as well as import and export activities.
Arreza said SBMA generated revenues amounting P1.7 billion in 2007, half of which come from rental and leases.
SBMA said a total of 123 new business locaters came in from January to September, amounting to $ 1.45 billion in fresh investments. The new commitments spiked Subic's total cumulative investments to $ 5.22 billion, 28 percent higher than 2006's $ 3. 76 billion, and also brought in 13, 098 new jobs as of September.
The two biggest projects approved last year wre Millenium Properties, which committed $1 million for hotel and restaurant operation, and sungdo Steel services, Inc., engaged in construction and repair works, as well as import and export activities.
posted by Olongapo Subic at
11:52 AM
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