Subic Resists for Bataan Port
SBMA (Subic Bay Metropolitan Authority) opposes the propose exemption from wharfage fee in a bill, authored by Bataan Rep. (2nd district), Albert S. Garcia, in the House of Representatives that seeks to covert Bataan's port of Mariveles into special economic zone and Freeport, making it a direct competitor of Subic.
Ruel John Kabigting, officer in charge of SBMA's business and investment group, said that if that provision will be activated, Subic will lose its revenues due to lost business. It will have difficult time paying its loan because it's not exempted from wharfage dues. And this is their only objection on the said bill.
Mr. Garcia said that the Bataan port has been operating since 1969 but its development has been stalled since 1986. So, Mr. Garcia proposed the bill for the port's and province' development. Written by Loren - My Bataan.com
Ruel John Kabigting, officer in charge of SBMA's business and investment group, said that if that provision will be activated, Subic will lose its revenues due to lost business. It will have difficult time paying its loan because it's not exempted from wharfage dues. And this is their only objection on the said bill.
Mr. Garcia said that the Bataan port has been operating since 1969 but its development has been stalled since 1986. So, Mr. Garcia proposed the bill for the port's and province' development. Written by Loren - My Bataan.com
posted by OlongapoCity Zambales at
8:18 AM
0 Comments:
Post a Comment
<< Home